The National Insurance Institute is at your side during your life, from birth to advanced age, granting you a variety of social rights adapted to changing life situations.
The National Insurance Institute is responsible for the social security of Israeli residents.
Its primary mission is to ensure means of subsistence for those unable to earn their living.
The National Insurance Institute collects insurance contributions from all residents according to their social background and status, and pays benefits to those entitled. Hence, the income of economically established groups is transferred to weak and vulnerable groups and, thereby, the National Insurance Institute contributes to a more equitable distribution of national income and the reduction of dimensions of poverty. Further information...
Until December 2016, seniority increment was calculated as follows: for each year beyond the first ten years of insurance contributions, a seniority increment of 2% of the basic Old Age pension is paid.
Pursuant to the amendment, a different method of calculation applies for those with seniority increment rate below 50%. Their increment will gradually increase on 4 specific dates, and will be calculated as follows:
In January 2017, a 2% seniority increment will be paid for every year of insurance contribution beyond the first nine insurance years.In January 2018, a 2% seniority increment will be paid for every year of insurance contribution beyond the first eight insurance years.In January 2019, a 2% seniority increment will be paid for every year of insurance contribution beyond the first four insurance years.In January 2020, a 2% seniority increment will be paid for every year of insurance contribution, i.e. from the first insurance year.
Please note: Even after the modification of the law, the maximum rate available for seniority increment remains at 50% of the pension.
The increased seniority increment will be automatically paid as of January 2017.
Recipients of Old Age or Survivors pension with income supplement, please note:
Those who will lose their eligibility to an income supplement as a result of the increased seniority increment, will not, however, lose their eligibility to receive accompanying benefits from other Institutions, and will get the same reduction to which they were used so far for Arnona, electricity, water, etc.
As of January 2017, the income supplement increased for Old Age and Survivors pension recipients, and so did the amount of income from work that you are allowed to earn and still be entitled to a full or partial income supplement, as detailed below:
New pension rates with income supplement:
Increase in the authorized amount of income from work
The amount of income from work that you are allowed to earn and still be entitled to a full or partial income support has increased, it is therefore worth your while to go out to work!
New (gross) amounts of income from work:
Single - NIS 2,479 (as of Jan 01, 2022).
Couple or single with one child - NIS 2,902 (as of Jan 01, 2022).