What happens to my Israeli mandatory pension if I never retire in Israel?

Your accumulated balance in the mandatory pension fund (*bituach menahalim*) remains in the fund and continues to be invested until you reach Israeli retirement age (currently 67 for men, 65 for women). At that point, you can claim a monthly pension income regardless of where you live in the world. If you want to access the retirement savings before that age, early redemption is possible but carries significant tax consequences and is generally not advisable unless the balance is small. Some people prefer to leave their Israeli pension in place as a modest source of income in retirement.