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The Dubai government introduced the Federal Law No. 7 of 1999 for Pension and Social Securities to govern pension-related matters in the Unites Arab Emirates. The legislation aims to provide economic security to UAE nationals via compulsory contributions made by the employer and employee to the Public Employee Pension and Retirement Authority (PEPRA), which provides a pension for UAE nationals upon retirement, disability, or death.
Issues related to pensions can be quite complex and may include disputes about benefits entitlement, incorrect calculations, or disagreements with the pension plan provider. If you are a UAE national and have concerns about your pension, or if you are an employer requiring information about your obligations regarding your employees' pensions, you may need to seek the advice of a lawyer who is experienced in the field of pension law.
The key pensions law in the UAE is Federal Law No. 7 of 1999, along with various ministerial implementary regulations. This law is mandatory for UAE nationals working in the government, semi-government and private sectors. The law requires employers and employees to make contributions to a publicly governed fund. There are specific legal rules involving calculation of the end of service gratuity and the pension, which vary depending on the period of service, type of resignation, and the cause of termination of the service. Additionally, the law provides special provisions concerning pension entitlements in the event of death, disability, or early retirement.
The usual retirement age in the UAE is 49 for women and 60 for men. However, extensions are possible upon request.
Pension contributions are a legal requirement for all UAE nationals in both public and private sectors. However, contributions are not mandatory for expatriates.
In case of departure or termination of your job, you may request a refund of your pension contributions.
Pensions are calculated based on the last salary, years of service, and a certain applicable percentage.
Employers who do not adhere to pension laws can face severe fines and/or imprisonment.
The Ministry of Community Development, Public Employee Pension and Retirement Authority (PEPRA), and General Pension and Social Security Authority (GPSSA) are the major governmental bodies you can turn to for comprehensive information regarding pensions in the UAE. These bodies provide resources including pension schemes, guidelines, and various forms related to pension matters. It's advisable to consult a lawyer if any legal disputes arise.
In case you need legal assistance related to pension matters in Dubai, UAE, you should first attempt to understand the crux of your issue. Then, organise all relevant documents and evidence. You should then consult with a lawyer experienced in pension law in the UAE. Be proactive in discussing your case, asking questions, and understanding all potential avenues and solutions.