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Old Age - Pension rates

Updated to Jan 01, 2016

The basic old age pension is NIS 1,531 for an individual and NIS 2,301 for a couple (the pension for a couple is composed of a pension for an individual plus an increment for the spouse). The basic old age pension for those age 80 or older is NIS 1,617 for an individual and NIS 2,387 for a couple.

If each of the couple separately meet the entitlement conditions for an old age pension, each of them receives an individual pension.

The following increments are added to the above amounts:

Seniority increment (insurance)

Pension deferral increment

Increment for dependents - spouse or children

 

Old age pension amounts (Updated to Jan 01, 2016)

NIS 1,531 For an individual
NIS 1,617 For an individual aged 80 or older
NIS 2,301 For a couple (the pension for a couple is composed of a pension for an individual plus an increment for the spouse)
NIS 2,387  For a couple when the pension recipient is aged 80 or older
NIS 2,015 For an individual + 1 child
NIS 2,785 For a couple + 1 child
The increment for the child is paid to only one of them 
NIS 2,499 For an individual + 2 or more children* 
NIS 3,269 For a couple + 2 or more children* 

* The increment for a child is paid for the first 2 children only.


The increment for each one of the two children is NIS 484 . 
The increment for a spouse is NIS 770 .

 
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