Are you 60+ in Israel and still working? Perhaps the pension fund can already pay you money

Many residents of Israel approach the age of 60 with the feeling that retirement is something distant, complicated, and almost inevitably bureaucratic. As long as there is work, a salary, and a familiar rhythm of life, it seems that dealing with pension funds can be postponed: closer to 67 years, after dismissal, or already when Bituach Leumi sends some documents.

But in reality, this approach often becomes the most costly mistake.

In Israel, the pension system is arranged so that a person can have several different sources of future income: state old-age benefits, a pension fund, Bituach Menahalim, Kupat Gemel, Keren Hishtalmut, severance pay, old savings from previous employers, and additional insurance or pension programs. Some of this money people remember, some they have long forgotten, and some programs they only learn about after a professional review.

And here arises the main question for those who have already turned 60 or are approaching this age: can one already start receiving a pension from the pension fund and continue working?

The answer may be unexpected. In some cases — yes, this possibility is indeed worth checking. But this does not mean that everyone over…

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