Retirement Age

Controversy arises over Attorney General Gali Baharav-Miara reaching retirement age at 67 without filing for an extension, while the Civil Service Commission faces coalition pressure.

Israel's National Insurance old-age pension rules for 2026 highlight the impact of income tests between retirement age and age 70. Deferring the pension due to work income can permanently increase lifetime monthly payouts by 5% per year.

Tens of thousands of skilled workers who immigrated from the former USSR in the 90s are approaching retirement. In the industry, the rate of former USSR immigrants aged 60 and over is 2.3 times higher than the average in the economy. The President of the Manufacturers Association stated that the next government must act urgently.

The cost of living, life expectancy, and pension gaps are driving many Israelis to remain in the labor market beyond age 65. Analysis of Hilan's data reveals significant gender gaps favoring men, strong loyalty to existing employers, and distinct sectoral trends for older workers.