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Abu Dhabi (Federation)
The General Authority for Pensions and Social Security has indicated that maintaining service for a longer period contributes to the increase in insurance benefits that the insured gets to retirement. Serving 35 years in service, in addition to the payment of an end-of-service allowance of 3 months salary from a pension account for each year more than that. The Pension Authority is entitled to a pension of 60% of the average salary of the contribution account when it serves 15 years of service, percentage which increases to 70% for 20 years of service and 80% when you spend 25 years of service, and 90% when you spend 30 years on duty, at 100% of the average salary of the subscription account when you spend 35 years in service, in addition to the bonus for every year increase .
Hanan Al-Sahlawi, executive director of the pensions sector said: "The insured's insurance benefits increase with the increase in years of service in light of the possibility of 39, increase salary in the future, thus increasing the salary of the Insurance account at retirement ". She added, "The insured's salary can be continually increased through promotions, bonuses and bonuses associated with his contributions and achievements in his field of work, and gives him 25 years of service in the government sector. Insurance Protection The maintenance of health protection, in accordance with the laws and procedures in force in the state, all of which must be taken into account, before taking the insured for any decision to terminate voluntary service as in the event of resignation ".
Thank you for keeping up with UAE news now "Annuities": Extending service for a longer period contributes to the increase in insurance benefits when you retire in Hamrin News and informs you that the content of this news has been written by the editors. But it has been fully transmitted as it is, and you can read the news from its main source of the following link Al-Ittihad newspaper with the best regards.
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