Israel

Basic country data

  • Population 60 and over (2018)
  • 1,374,386
  • % of total
  • 16.3%
  • Population 60 and over (2050)
  • 2,715,210
  • % of total
  • 32.1%
  • Does the country have a social pension?
  • Yes
  • Region
  • Middle East & North Africa
  • Income group
  • High income

Data on social pensions

Special old age benefit

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Special old age benefit
  • Administrative Organisation
  • National Insurance Institute

2015

Government of Israel: Special Old Age Benefit (Webpage)

Eligibility criteria

Adequacy

  • Monthly benefit (local currency)
  • 1,531 New Shekel
  • US$
  • 391
  • % of GDP per capita
  • 13.3%
  • $ PPP
  • 373.7
  • % of $1.90 poverty line (PPP)
  • 647%
  • Local amount detailed/other benefits
  • NIS 1531 for an individual (or both halves of a couple where both qualify) and NIS 2301 for a couple (where one qualifies) for those over the age of eligibility but under the age of 80. For those over 80 the transfer amount is NIS 1587 for an individual (or both halves of a couple where both qualify) and NIS 2342 for a couple (where one qualifies). A recipient of an old-age pension may be entitled to an increment for "dependents" spouses and children. Those with an income slightly higher than the “maximum income,”will receive a “partial old-age pension” - the full pension that is due minus 60% of the amount of income that exceeds the “maximum income” - provided that the amount of the “partial pension” due to you is at least NIS 153
  • References and notes

2012

Social Benefit Recipients Database (SOCR): Isreal

Coverage

2015

HelpAge Calculation

Cost

  • Total cost (local currency)
  • 1,123,962,216 New Shekel
  • Cost as % of GDP
  • 0.1%
  • References and notes

Resources on the pension in Israel

Social pensions database

Explore the Social pensions database

Calculator

Calculate the cost of a universal pension in your country