The Kitzvat Ezrach Vatik from Bituach Leumi - ביטוח לאומי - National Insurance is intended to ensure a fixed monthly income for Israeli residents in their old age.
Olim Chadashim - עולים חדשים - New immigrants and Toshavim Chozrim - תושבים חוזרים - Returning Residents who arrive as senior citizens may be eligible for this as well, subject to specific age and residency conditions.
A person who reaches retirement age will be entitled to receive an old age pension from Bituach Leumi provided they pass an income test. Please note that income from a work pension is not taken into account when calculating or determining one’s eligibility.
The pension is available for any Israeli resident who was born in Israel or made Aliyah for the first time before the age set by law (62 for men or retirement age for women), and who meets the following eligibility conditions. Here is an online calculator (Hebrew) that can also help you determine your eligibility.