H.H. Sheikh Khalifa amends law on retirement pensions and benefits

WAM

President His Highness Sheikh Khalifa bin Zayed Al Nahyan has amended the law pertaining to civil retirement pensions and benefits.

It will increase the maximum pensionable salary for UAE nationals working in the private sector in Abu Dhabi from AED 60,000 to AED 200,000 and the minimum limit from AED 3,000 to AED 6,000.

The UAE government will bear the cost resulting from this adjustment, thus relieving those insured from any financial obligation.

The decision is aimed at strengthening the pensions system in the emirate.

More from Local

Coming Up on Dubai Eye

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.