Pension Fund

A pension fund is one of the primary long-term savings vehicles in Israel. It is a structured savings plan that provides contributors with a monthly retirement income beginning at the statutory retirement age - currently 64 for women and 67 for men.

The fund ensures lifelong monthly pension payments to both salaried and self-employed individuals upon retirement. It also provides disability coverage in the event of loss of earning capacity and survivor benefits for family members in the event of death, according to the chosen policy track.

Since January 1, 2008, Israel’s Mandatory Comprehensive Pension Agreement has required all employers to provide eligible employees with pension coverage, unless a superior pension arrangement already exists.

Employee eligibility:

• Employees who already have an existing pension plan are entitled to coverage from their first day of employment, with contributions retroactively applied after three months of work or at the end of the tax year, whichever comes first.

• mployment.Employees without previous pension coverage become eligible after six months of continuous e

At Astrateg Insurance and Financial Services, we work to ensure that your retirement plan is comprehensive, personalized and fully aligned with your long-term financial goals.

Our pension solutions include a wide range of unique benefits and tailored investment options, designed to give you financial stability and peace of mind when it matters most - during your retirement years.