RIGHTS
Pension Guide Israel - For Every Worker
Mandatory! Every employer in Israel must contribute to pension.
Employer: 6.5% + Employee: 6% + Severance: 6% = 18.5% of salary
Pension Fund vs. Managers Insurance
| Feature | Pension Fund | Managers Insurance |
|---|---|---|
| Type | Shared pool | Individual policy |
| Disability insurance | Included | Extra cost |
| Survivors insurance | Included | Extra cost |
| Management fees | Lower | Higher |
| Recommended for | Most workers | High earners |
Contribution Rates
| Component | Employee | Employer |
|---|---|---|
| Savings | 6% | 6.5% |
| Severance | - | 6% |
| Disability | - | Up to 2.5% |
| Total | 6% | 12.5% |
Important Tips
- Check management fees: You can negotiate lower rates!
- Don't leave orphan accounts: When changing jobs, make sure pension continues
- Check beneficiaries: Ensure correct people are listed
- Keren Hishtalmut: Ask your employer for this too!
Track with ALMO AI
Add monthly reminder: "Check pension contributions on payslip." And yearly: "Review management fees."
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