The UAE issues a new decision regarding the age of pensions

The General Pension and Social Security Authority advised the insured citizens to continue working, as well as to continue working after the 20 years of service that are required to obtain a retirement pension at 70% of the average salary of the subscription account. The authority emphasised that being satisfied with this period only provides the insured with the bare minimum of privileges, and that continuing to work after this period is required to obtain the full retirement pension benefit. insurance, while continuing to work up to 35 years of service to qualify for a pension of 100% of the average contribution account earnings, insurance, while continuing to work up to 35 years of service.

And the Authority stated, in an indicative campaign that it recently launched, on its official pages on social media platforms, that "the retirement pension is granted to workers in the government sector, according to the average salary of the subscription calculation for the last three years of service, and in the private sector for the last five years of service, or according to the period of subscription." This campaign was launched recently. The entire period, if the period is less than that in both cases, "stressing that the commitment of the insured to spend years of actual service saves him the cost of purchasing the legal period, especially with the possibility of increasing the insured's salary in the future if he continues to work, thus increasing his contribution account salary, which entails increasing his benefits upon retirement. [Citation needed] The commitment of the insured to spend years of actual service saves him the cost of purchasing the legal period. She explained that the insured is the one who decides the insurance benefits he wishes to obtain from the pension law, which provides many of the most generous insurance opportunities, and that many insurance benefits remain waiting for the insured if he decides to continue serving beyond the 20 years of service. In addition, she mentioned that the insured is the one who decides the insurance benefits he wishes to obtain from the pension law. when the amount of time between repairs is decreased.

new decision regarding the age of pensions in emirates
Emirates

Benefits that the insured gets

The authority noted that the retirement pension at 70% of the average salary of the subscription account when the insured has spent 20 years of service, and that every additional year that the insured spends after this period is granted an increase in the pension by 2%, noting that the advantage of attaining this level of service is that the insured gets an increase in the pension by 2%, which is the most important benefit that the insured gets. This non-actual period is added to the insured's years of service, in the event that he decides to retire for a period 20 years of service, and an improvement in his pension percentage upon retirement. The insured has 20 years of service, which qualifies him to buy the legal service period, as the law allows the man to buy from one to five years, while the woman is granted to buy from one to 10 years. The insured has 20 years of service, which qualifies him to buy the legal service period.

According to the authority, "Achieving a period of 25 years of service gives the insured the opportunity to combine the pension and salary for those who spent 25 years working in the government sector, in the event of his retirement and return to work again, as the law allows him to combine between his pension from the authority and his salary from his work." This is because the law allows him to combine between his pension from the authority and his salary from his work. The new, despite the fact that the law, as a general rule, does not permit the use of plurals except in certain instances, and this is one of those conditions.

Read also: UAE announces a 2.5-hour break for workers from June 15 2023

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