Pensions in Israel: All about old-age benefits

Pension accruals for indigenous Israelis and emigrants will greatly differ. Ensure on the final amount of funds can various factors. Therefore, the Russians who have decided to retire in Israel, should carefully read all the details of this procedure.

Pension age in Israel

Most recently, the age of retirement on the ground promised for women has increased to 64 years, and the retirement age in Israel for men remained at the same level of 67 years. At the same time, the following factors should be taken into account:

• the indigenous Israelis receive a pension from 65 years only with the income of less than 4,000 new Israeli shekels (NIS);
• at the age of 70 years, each resident of the country is mandatory a pension payment is accrued;
• pensioners, which by the time of repatriation were under 60 years old, can receive benefits only after checking the level of their income.

From the last news, it is known that the government actively discusses the reform designed to equalize the retirement age of women and men in Israel. But the case did not go further. As a result of such changes, the retirement age in Israel will increase to 70 years.

Pension payments in the country

The average pension in Israel is 6000 NIS. The following aspects affect the amount of payment:

• work experience;
• age;
• employee's position;
• the number of monthly contributions to the Pension Fund ($ 1,700 in military personnel).

Also, the Jews are the one-time payment after retirement. It is equal to the work of monthly income and work experience in years. The Israelites are also exempt from obligations to pay land tax and have benefits when paying television and other public services.

And pensioners who do not have a personal vehicle, savings in a bank or an additional source of income can count on special surcharges.

It is also worth mentioning that the average salary indicator is calculated monthly. Therefore, it is impossible to call the exact amount of pension and its level of increasing in Israel: changes are regularly made in this magnitude.

Who can receive a pension

Social security of pensioners is built of two components:

• pension;
• old age benefit.

The system works so that the pension goes to those who made the deductions to the Pension Fund throughout the work experience. Minimal labor activity in the territory of the country should be at least 10 years. Simply put, worked in Israel for the years, a resident of pre-retirement age can stop doing career and devote himself to new discoveries (travel, development of professions, etc.). Breaks and shifts of work planes do not matter, since only the fact that for all this time a citizen committed at least 120 deductions to the National Insurance Office ("Bituah Leumi") is taken. The size of these translations depends on the income of a citizen, but it does not affect the final size of the obtained funds.

Old Time decoration

Old-age benefits are monthly money transfers, guaranteed to every resident of the country to achieve a certain age. They are accrued in the "Bituah Leuma". If a person was born in the Middle East and migrated to the Land promised, he has the right to receive a full allowance. Everyone who moved to Israel under the age of 60 can count on the same payments. Otherwise, you can not count on the accrual from the department. Then the only option to receive funds is to appeal to the Ministry of Finance of Israel. But in this case a resident of the country does not receive special surcharges.

The execution of the benefit is made upon reaching 64 or 67 years after the appeal to "Bituh Leuma". Funds transfer will be carried out monthly 28 numbers on a bank card.

Social surcharge

They allow citizens of the country a little increase the amount of pension calculations. This monetary assistance is charged only to those pensioners who have a low level of income. 41800 NIS can receive a married couple, and 27900 NIS stands out to lonely people who do not have savings. For additional funds, persons who have disabled as a result of terrorist attacks can be calculated.

Today the government considers the reform to increase the premium for the disabled to an indicator of 4000 NIS, monthly.

What are the deductions from the manual

When calculating the manual, you need to take into account and deductions that are held by the state. These include:

• monthly contribution to medical insurance - 55 dollars (196 NIS) on one person and $ 79 (283 NIS) on a married couple;
• alimony;
• arrears of insurance premiums;
• 103 NIS (29 dollars) from the allowance from the department.

If, after receiving funds, the second spouse continues to work, the deductions will be made based on a married couple. Conditions change only if the husband and wife live separately.

How the allowance is paid

An old-age allowance is allowed to those people who began to live in the country after 60 years. They are called new repatriates. Woman living with her husband will not receive benefits. Only the spouse can count on it. The size of this social range will be equal to the standard accrual, taking into account the allowances for his wife.

Often accommodation costs exceed income. Therefore, before emigration to the country, it is better to carefully weigh all the "for" and "against".

A feature of old-age benefits is the impossibility of its accrual of a citizen who lives in the country less than 10 months a year.

The emigrant, which has proven its root belonging to the Israeli people, is considered a repatriate. He can count on many benefits used by Jews. So the state is trying to support its compatriots.

At the size of the pension in Israel for repatriates is influenced exclusively. A person who has worked on the state at least 10 years will receive $ 600-800 each month (1530-2300 NIS). Without experience, the amount of accruals will not exceed $ 500.

Pension in Israel for pensioner repatriates depends on the duration of their stay in the country. If it is missing for more than 2 months, then the accrual of funds stops.

After 80 years, the amount of deductions increases slightly and is 1620-2390 NIS.

The amount of deductions for immigrants below the minimum level of income. But, if the manual was drawn up through "Bituah Leumi", and a person has no source of obtaining additional funds, the authority levels the amount of payments to a permissible plank. So, from 64 to 70 years old, it will be 2800-4170 NIS, from 70 to 80 years - 2900-4300 NIS, and from 80 years - 3020-4470 NIS.

Pension for Russian pensioners-emigrants in Israel

Russians receive old-age allowance in Israel from 67 years. It is below the minimum income level and is about 26,000 rubles. Larger deductions are expecting only immigrants who have worked on the land promised at least 10 years.

Agreement concluded between States, thanks to which Russian emigrants can receive a surcharge in the amount of 750 NIS. But this supplement to the pension is available only to people who moved to Israel until 1993.

How to translate payments from Russia

The main role in the accrual of social range in Israel for people with dual citizenship plays a timely warning about changing the place of residence. People who have not reported their move from the Russian Federation to Israel can count on such options for obtaining collateral:

• issuing funds to a trusted person in Russia;
• regular visits to Russia for personal receipt of the social range;
• accrual of funds for an international card, but with the removal of a large commission from the bank.

With a timely warning of the departure to Israel, the Russian will be able to receive his payments after submitting a request to the National Insurance Institute. Those, in turn, communicate with the Foundation in Russia and pay its legal means to the new Israelis.

Another option for obtaining funds is the delivery of deductions by Russian Post. But this method of presenting payments to Russian emigrants is not fully approved by both parties.

It is worth mentioning that, subject to timely concern for their old age, one can count on quite worthy payments and allowances. Therefore, many repatriates change their place of residence in a sufficiently young age.

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