"Pensions" I call on the insured to ensure the continuation of their service years before retirement

Abu Dhabi, April 22 / WAM / The General Authority for Pensions and Social Insurance called on the insured to review the service period to ensure that the years of service qualify him to entitlement to the pension, and to discuss the possibility of benefiting from the option to include the service period to complete the period required for the pension entitlement if the current period is not sufficient for that.
The authority explained that the minimum for obtaining the pension is 15 years in service with the insured reaching the age of sixty, while the insured must have completed 20 years in service and reached the age of fifty in the event of the choice of early retirement, in accordance with Federal Law No. 7 of 1999 for pension and social insurance and its amendments.
As for those who are subject to the provisions of Decree Law No. 57 of 2023 on pensions and social insurance, the commission explained that in addition to the entitlement to the pension when spending five 15 years and reaching the age of sixty, the pension is due in the case of early retirement for 30 years in service, and the age of fifty -five.
In detail, the commission clarified that the pension deserves the condition that the period of service of the insured be compatible with the periods specified by the law, and if the period is not eligible for entitlement, as if the insured had spent the end of the service reward for previous periods and this period was not included in the years of his current service, he has an option that qualifies him for that which is to include years of service.
Also, if he moves to a new employer under the umbrella of the commission after the end of his service without a transfer decision, it is possible to take advantage of another option, which is the “Chorch” service to include the previous service periods without assuming the financial costs of that.
The insured deserves a pension when his service period is twenty years by 70% of the pension account salary, and the pension increases by 2% for each year, exceeding this to 35 years, which is the period of obtaining the pension at the maximum of 100%, according to the provisions of Law No. 7 of 1999.
According to Decree Law No. 57 of 2023, the insured must spend thirty years in service if he wants to obtain a pension, and the pension is calculated by 2.67% for each year to 30 years in service, i.e. 80% of the pension account salary, and the pension is increased by 4% for each year in excess of 30 years to 35 years in service, which is the period of obtaining the pension by the maximum of 100%.
The insured is granted a reward for three salaries of the pension account for each year that he spends after 35 years, in the federal laws of pensions.

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