UAE pension scheme: Firms urged to follow rules or face penalties

Shutterstock (For illustration)

UAE firms must ensure all Emirati employees are signed up for the government pension scheme, or face penalities, as inspections kick off today.

Making the announcement, General Pension and Social Security Authority (GPSSA) said the inspection campaign, under the slogan ‘Your Commitment Protects You’, will run until March 30. 

It's aimed at supporting Emirati employees to further understand their rights and responsibilities, and those of their employers under the new pension scheme. 

"The inspection campaign aims to raise public awareness on how to avoid legal consequences on understanding the procedures governing the pension law," said Dr. Maysa Ghadeer, Head of the Government Communications Office at the GPSSA.

"Understanding GPSSA’s requirements will avoid delays in completing important financial transactions such as the disbursement of pension and end-of-service benefits; as well as familiarises end-users on how to receive their services in a timely and practical manner.

Certified by the Ministry of Justice, the GPSSA’s officers will conduct random checks all year round to ensure compliance with the provisions of the law.

The authority will also raise awareness through news releases about the advantages of registering and contributing with the GPSSA. It will help Emirati employees and their employers understand how much to contribute and dates for monthly payouts.

According to the UAE pension law, both employers and employees must register and contribute on time.

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.


On Dubai Eye

  • Commuters will pay roughly 10 per cent more for fuel

    We find out what that means for us and for the global oil prices with Ed Bell of Emirates NBD and Matt Stanley of Kpler. Plus, we discuss the risks & rewards of the growing demand for second passports. And, we talk to Sky Kurtz of Pure Harvest Smart Farms about how UAE grown produce is going to Saudi Arabia.

  • STEM Learning

    The UAE's ambassador to Canada says developing STEM career paths for Emirati women should be a national priority.