4 Conditions for registering workers in the "Abu Dhabi Retirement System"
The Abu Dhabi Pension Fund has identified 4 main conditions that must be met for the registration of self-employed and self-employed citizens
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The Abu Dhabi Pension Fund has identified 4 main conditions that must be met for the registration of self-employed and self-employed citizens who wish to be insured by the Fund.
The first is that "the age of the citizen wishing to register himself should not be less than 18 and not more than the retirement age (60 years for men and 55 for women)," and the second "the citizen must be medically fit to practice his activity or free profession with a medical certificate issued by the competent governmental medical authorities in the emirate." The third, that the applicant for registration should be a citizen of the state, and finally, that he should not be retired from any pension fund in the state.
The fund stated that the worker’s journey for himself with the fund begins with his registration of his employer or activity, and then registering himself in the fund, where the fund provides 20 different income brackets, from which the citizen chooses the appropriate bracket for his activity, starting from 12,750 dirhams, and up to a maximum of 200,000 dirhams. The subscription is based on the monthly income bracket chosen by the insured according to his monthly income, explaining that the income bracket means "the monthly income subject to deduction and pension contributions will be calculated based on it.
He pointed out that the subscription value is calculated according to the percentage of monthly contributions approved by the fund, which is (26%), where the worker is obligated for himself towards the fund to pay (20%) of the monthly income bracket he specified, while the government contributes to the worker’s subscription to an account at the rate of ( The remaining 6%), which means that the citizen registered in the first income bracket (12,750 dirhams) pays monthly.