Connect with us

Top News

“Abu Dhabi Pension” makes amendments to the pension system and introduces new benefits

Published

on

“Abu Dhabi Pension” makes amendments to the pension system and introduces new benefits

The Abu Dhabi Pension Fund announced amendments to the Pension Law and introduced new benefits aimed at maintaining a competitive and stable pension system that achieves parity between citizens working in the public and private sectors in the emirate.

These amendments also include a modern and flexible pension system that is compatible with the operational and social needs of the insured and provides an opportunity to receive better pension benefits while continuing to work after the minimum service eligible for retirement.

The amended Act applies to the insured who continue in service, without prejudice to their vested rights, the insured retains the right to calculate pension for their periods of service as per earlier system and the same applies to other insurance benefits. Insurer received under the system prior to amendment.

Among the most important amendments involving the pension system is the increase in the maximum percentage of retirement pension to 100% of salary, subject to deduction on completion of maximum years of service, where the insured receives retirement pension equal to 80% of salary. Subject to deduction on completion of minimum years of service eligible for retirement. (25 years), and he can increase this percentage by an amount equal to 2% annually for each additional year of service until he reaches 100% of the salary course Retirement pension has been stopped at 80%, an exemption that did not exist in the system before the amendment, even if the insured worked for long years.

The Finance said the revised pension law is equal for insurers working in the government and private sectors, it has unified the system of calculating retirement pension for all insured and will be calculated on the basis of average salary. The maximum salary for the insured has been aggregated for the last six years, subject to deduction.

See also  1,600 global HR and technology leaders to discuss the future of work in Dubai on November 1

As per the amended law, the percentage of pension contributions was 26% of the salary subject to deduction, of which the new insured pays 11%, while the employer pays 15% without any change in the percentage of pension contributions. Current Insurance (Continuing in Service).

Under the amended Act, the minimum pensionable age has been fixed at 45 years in the first year of application, with a gradual increase of six months every year on completion of 25 years of service till the age reaches 55 years.

Considering the role of the family in building and nurturing society, the revised pension system includes provisions for women who have children, allowing them to benefit from the early retirement system.

These amendments have also provided many new features such as optional subscription system has been introduced for women who have children and women who want to leave work to devote themselves to family during retirement to ensure continuity of retirement benefits.

With the aim of providing an opportunity for national expertise to continue to contribute in various fields, the new amendments allow the joining of retirement pension and salary after completing the maximum years of service or reaching the retirement age specified by law. national economy in the long run.

An insured who fulfills one of the pension conditions under the previous pension system will be eligible for retirement under the new pension system, while being given the option to continue working to benefit from the new benefits offered by the revised system, particularly the possibility of escalation. A percentage of retirement pension is deducted on completion of 100% of salary. Maximum years of service.

See also  The future of treating knee and thigh injuries in the German pavilion at the "Expo"

Provision of voluntary registration for women with children and postgraduate students.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Top News

A 4,000-tonne Emirati aid ship departed from Fujairah in support of the Palestinian brothers.

Published

on

A 4,000-tonne Emirati aid ship departed from Fujairah in support of the Palestinian brothers.

An Emirati aid ship loaded with 4,016 tons of humanitarian supplies left this afternoon for Al-Arish in preparation for their entry into the Gaza Strip, as part of the humanitarian operation “Qaland Night 3” implemented by His Highness. Sheikh Mohammed bin Zayed Al Nahyan, head of state, “may God protect him”, to support the people, brother Palestinians in the Gaza Strip..

The ship, which departed from Fujairah port, carried 3,465 tonnes of food, 420 tonnes of shelter and 131 tonnes of medical aid, both donated by the Khalifa bin Zayed Al Nahyan Foundation and the Foundation for Humanitarian Affairs. The Zayed Bin Sultan Al Nahyan Foundation, in addition to the Emirates Red Crescent Authority, for charitable and humanitarian work..

The Head of State, Sheikh Mohammed bin Zayed Al Nahyan, may God protect him, last November 5 ordered the Joint Operations Command of the Ministry of Defense to launch “The Gallant Night 3”, a humanitarian operation to support the Brotherhood. Humanitarian support to the Palestinian people, in cooperation with humanitarian agencies in the country..

The UAE’s total aid to the fraternal Palestinian people before December 1 was more than 2,681 tons, while the total number of aircraft in the UAE airlift reached 92 aircraft..

The UAE’s commitment embodies the values ​​of solidarity and synergy with the brotherly Palestinian people, based on a long history of relief and humanitarian work during which the UAE is keen to provide all possible support..

Continue Reading

Top News

As aggression on Gaza resumes… Withdrawal, withdrawal, condemnations from climate conference in Dubai

Published

on

As aggression on Gaza resumes… Withdrawal, withdrawal, condemnations from climate conference in Dubai

A devastating Israeli resumption of war in Gaza on Friday overshadowed the United Nations Climate Change Conference (COP28) in Dubai, with some delegates walking out, leaders canceling their speeches and others not attending the event.

In his speech, Turkish President Recep Tayyip Erdogan said, “As a result of Israel’s occupation, we cannot avoid facing the humanitarian crisis in our neighboring Palestinian territories, which cannot be justified under any circumstances.” He considered it a “crime against humanity and a war crime”.

In turn, the presidents of Colombia and Cuba described the war as “genocide”.

The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, was not included in the final list of speakers after his name appeared.

Saudi Crown Prince Mohammed bin Salman was scheduled to be the first speaker, but did not attend the summit.

“As we see in the region, conflicts are causing great suffering and emotion,” UN Secretary-General Antonio Guterres said at the summit. “We heard reports of renewed bombs in Gaza.”

Iranian delegates walked out of the conference in protest at the sudden Israeli presence, which the head of the delegation, Energy Minister Ali Akbar Mehrabian, described as “contrary to the goals and directions of the conference.”

Iranian official media reported on Thursday that President Ibrahim Raisi would not attend the conference and that Mehrabian would act in his stead.

Iraqi President Abdul Latif Rashid used his speech to condemn the aggression against Gaza, calling on the international community to “stand firm”.

A war against innocent people

South African President Cyril Ramaphosa said his country was “appalled by the ongoing tragedy in Gaza, and that the war against innocent people in Palestine is a war crime that must stop.”

See also  The future of treating knee and thigh injuries in the German pavilion at the "Expo"

Other leaders have also criticized the war in Gaza, but Egyptian President Abdel Fattah al-Sisi has not spoken about it.

Israeli President Isaac Herzog canceled his speech, a day after Palestinian President Mahmoud Abbas canceled his participation in the conference, as the war in Gaza dominated the conference’s deliberations.

So far, the Israeli occupation of Gaza has led to the fall of more than 15,000 martyrs, most of them women and children.

Israel says 1,200 Israeli soldiers and settlers have been killed as a result of Operation Al-Aqsa flooding, which was launched by the opposition on October 7 last year in settlements around Gaza.

The Palestinian opposition said the move came in retaliation for crimes of aggression against civilians in the West Bank and Gaza and the desecration of the blessed Al-Aqsa Mosque.

It is noteworthy that the United Arab Emirates, the host country of the conference, is one of the Arab countries that signed default agreements with Israel in 2020.

Continue Reading

Top News

Dubai Municipality adopts 7 pledges to ensure sustainability

Published

on

Dubai Municipality adopts 7 pledges to ensure sustainability

Dubai Municipality adopted seven strategic commitments to ensure sustainability in its current and future projects, while it provided a sustainable model for government sites, within the activities of the COP28 conference, by building its site using 3D printing from sustainable, eco-friendly materials.

Marwan Al-Janahi, an engineer at the building licensing department of Dubai Municipality and one of the supervisors of the municipality’s platform at “COP 28”, said the seven commitments are climate neutrality, increasing the area of ​​reserves, and doubling green areas. , achieving complete sustainability of buildings, sustainability of sanitation and achieving zero waste, in landfills, in addition to complete treatment of wastewater in the emirate.

Al Janahi added that the Emirate of Dubai is working to achieve a “zero” percentage of waste in buildings, noting that the amount of construction waste recorded by the Emirate of Dubai in 2019 was 65 million tonnes, of which around 15 million tonnes were generated. Thrown in the waste, the rest was recycled.

He stressed that Dubai has succeeded in achieving the concepts of a sustainable economy through the Dubai Green Building System and following the Al Safaat method of constructing buildings in the emirate in accordance with green building standards and requirements.

He pointed out that during COP 28, the municipality is highlighting a set of projects and initiatives dedicated to promoting sustainable pathways in Dubai, such as the Digital Twin Project for the City of Dubai and the use of advanced technology, including applications of artificial intelligence. , the Safat system for assessing the carbon footprint of buildings in an urban environment, reducing and sequestering waste, reducing and eliminating emissions from the source, and assessing green buildings. Dubai Municipality supports the COP28 conference, hosted by the UAE, as a turning point for achieving concrete progress on global climate action, with a focus on achieving sustainable economic and social development, promoting cooperation, partnerships and coordinating climate action efforts. To reflect the organizational values ​​of participation, positivity, competition and efficiency.

See also  The Future of Online Trading: Innovations and Trends in UAE Platforms

On the sidelines of the conference, Dubai Municipality organized a series of interactive workshops promoting international participation from different parts of the world, on key topics such as imagining best sustainable practices and awareness of eco-friendly practices. Several dialogue sessions hosted by the global event, experts speak, present the results of its many strategic initiatives in the fields of evaluating, classifying and rewarding international, green building practices, establishing laboratories supporting the sustainability of future cities, and benefiting from data analysis.

7 Affirmations

– The climate is neutral.

– Increase in reserve area.

– Doubling of green areas.

– Achieving complete sustainability of buildings.

– Sustainability of healthcare.

– Filtration of waste in garbage cans.

– Complete sewage treatment in the emirate.

Continue Reading

Trending

Copyright © 2023