A brief explanation of Hebrew pension words

Kitzvat Ezrach Vatik: Old age pension that comes from the government.

Gil Prisha: Age that a person is considered a retiree, even if they continue to work. They may qualify for Kitzvat Ezrach Vatik, which is (as of 2022) 1,596 ₪ for an individual and 2,398 ₪ for a couple who have reached the Gil Prisha age and are eligible to receive it (see Hebrew page for eligibility test). However, this pension requires that the recipient meet the entitlement criteria and even if they qualify, the pension is means tested and is reduced depending on factors. The Gil Prisha age is 67 for men and was 62 for women. The Gil Prisha age for women changes and you can see the exact age on the retirement age in Israel page on our website.

Gil Zakaut is the pension age and is 70 for both men and women. At Gil Zakaut, your income is no longer a factor in determining eligibility as long as you qualify to receive the pension. The pensioner may receive payments up to one year retroactively.

If a person who waived the Kitzvat Ezrach Vatik because of full or partial eligibility, may qualify for an additional amount at the age of Gil Zakaut of 5% for each year the pension was deferred wee the details on Kol Zchut website (Hebrew) addendum Deferring Old Age Pension .
When receiving a Kitzvat Ezrach Vatik taxes are not deducted, except health insurance premiums for old age pension recipients which is automatically deducted (currently 205 ₪ for a single person and 295 ₪ for a couple).

This information is a rough guideline. There are many details and conditions that you will need to verify.