Money saved a lifetime: what happens to pension, alimony and rights when life changes

Attorney Yosef Chaim Cohen explains what happens to pension, alimony and rights after death in cases of divorce, salary reduction or death. The article warns against making quick financial decisions in turbulent times and recommends professional advice before signing documents.

The article, in collaboration with ZAP Legal, presents frequently asked questions about pension, alimony and rights after death, with answers from Attorney Yosef Chaim Cohen. Attorney Cohen explains that upon separation, the pension accrued during the marriage is subject to resource balancing, regardless of the name on the account. He recommends not waiving rights without an actuarial calculation. Regarding alimony, a 20-30% drop in salary may be considered a material change in circumstances, but the original amount must continue to be paid while filing a request for reduction. After death, he warns against signing a final release form for the employer before checking all rights with the pension fund and the National Insurance Institute. The article also provides advice for spouses who worked in a family business without a pay slip.