UAE citizens can continue to work if they wish to join another employer, according to ADRPBF
Abu Dhabi: The Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) announced that Emiratis will now have the option not to retire after 25 years of work in the public, semi-public and private sector.
The fund said that Emiratis can continue to work if they wish to join another employer while also preserving their insurance rights and previous years of service.
The move aims to encourage the insured to continue working, allowing others to benefit from the rich expertise of long serving Emiratis in all fields, for as long as possible.
The decision also contributes to boosting the sustainability of the pensions system so that it can be capable of meeting its commitments for consecutive generations.
The fund said that the decision includes a number of conditions for the insured. The conditions are that the insured should have more than 25 years of experience, and an age limit of 60 for men 55 for women.
The insured should also join the new entity within six months of submitting their resignation from their previous job.
The fund said that if the insured is working with an employer that is subject to the provisions of the Abu Dhabi Local Retirement Scheme, and has decided to retire after years of employment in the new entity, a pension of 80 per cent of earnings will be paid and a bonus will be provided for the years the insurer worked above the 25 years of service.