The state-run old age pension system is administered by Bituah Leumi (National Insurance Institute).
[5] All salaried employees not covered by collectively-bargained pension plans between employers and labor unions are legally required to have private pension funds to which they and their employers must contribute to.
[6] Self-employed persons, with some exceptions, are also legally required to contribute to a private pension plan accordingly to a sliding scale based on income.
[7][8] Civil servants receive pensions based on a set percentage of their final salaries, which increases for every year they work.
All civil servants employed before 2004 are entitled to a pension of 70% of their finishing salary.