CHECKLIST
Retirement Checklist Israel
Retirement age: Men - 67 | Women - 65 (gradually increasing)
Early retirement: 60 (both genders)
One Year Before
- Review all pension funds (consolidate old ones)
- Check management fees - negotiate lower rates!
- Meet with pension advisor
- Calculate expected monthly pension
- Review health insurance - switch to retiree plan
- Check life and disability insurance
- Tax planning consultation
3 Months Before
- Notify employer of retirement date
- Check accumulated vacation day payout
- Check severance pay entitlement
- Submit Form 161 (tax exemption on severance)
- Open file at Bituach Leumi (senior citizen allowance)
- Transfer supplementary health insurance
After Retirement
- Start receiving monthly pension
- Apply for senior citizen allowance
- Check discounts: municipal tax, public transport
- Senior discount on medications
- Find activities / volunteering / classes
Plan with ALMO AI
Create a "Retirement" calendar with all tasks and reminders. One year before - advisor meeting, 3 months - notify employer.
Download ALMO AI for Free
Smart calendar with voice recognition, photo scanning and shared calendars