What is the Retirement Age in Israel and who is eligable for a pension?... ( read more )
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Retirement and pension in Israel is a complex topic and one that is often misunderstood by those who are unfamiliar with the laws and regulations that govern it. In this article, we will look at the basics of retirement and pension in Israel and how it works. The Israeli pension system is based on the principle of mandatory retirement savings. All Israeli citizens and residents over the age of 18 are required to contribute to a pension fund. This fund is managed by the National Insurance Institute (NII). The NII is responsible for collecting contributions and managing the funds. Contributions are made through taxes, wages, and other sources. The NII also provides a variety of benefits to retir...
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