“Abu Dhabi Pension” urges insured individuals to evaluate insurance benefits before making career moves.

ABU DHABI, 9th April / WAM / The Abu Dhabi Retirement Fund stressed the need for the insured to know their rights and duties stipulated in the retirement law in order to preserve their rights and the rights of their families. Relating to retirement entitlement or end of service benefits.

Ibrahim Al-Kalbani, Director of the Legal and Legislative Department at the Abu Dhabi Pension Fund, said during the third episode of the “Majlis” awareness seminars, which the fund launched at the beginning of the current month of Ramadan, with the aim of raising public awareness of the retirement law in the Emirate of Abu Dhabi: “Registration in the retirement system in the Emirate of Abu Dhabi is mandatory. For citizens working in the public and private sectors,” he called on employers not to be late in registering new Emirati employees who joined their work, within a period not exceeding 10 working days from the date of their joining the service.

The director of the legal department in the fund indicated the need for employers to register new employees during the period specified in the retirement law to preserve the rights of citizens, as well as to avoid charging any additional amounts to the entity, or exposure to legal accountability, as a result of non-compliance with the requirements of the fund and the retirement law of the Emirate of Abu Dhabi.

Al-Kalbani stressed the need for citizens who have recently joined work, especially in the private sector, to verify that the employers with whom they joined have already registered them with the Fund within the specified period, stressing that in the event that the employer refuses or is inactive in registering, the citizen has the right to notify the Fund of his joining the work with the Fund. The entity, in order to preserve his insurance rights, provided that the fund takes the necessary measures in this regard.

Al-Kalbani also touched, during the episode, on the issue of joining the previous service periods, indicating that joining the previous service periods for the insured persons registered with the fund from the government and private sectors, is done automatically and without cost, upon the termination of their service from their current employer, and joining work with another. Under the umbrella of the fund, but on condition that the end of service gratuity is not disbursed for this period.

He pointed out that if the insured decides to pay the end-of-service gratuity, and then wishes to add his previous period of service later, he will have to pay for the cost of amalgamation at the rate of 26% of the salary on the basis of which the contributions are paid from the date of submitting the application for amalgamation, stressing the importance of the insured’s By joining the periods of their previous services, upon joining work with new employers, to preserve their rights to obtain the insurance benefits determined for them according to the retirement law, for the entire period of their service, as well as for the purposes of entitlement to a retirement pension or bonus.

Al-Kalbani also stressed the need for the insured to make sure of his insurance entitlements before making any new job decision, especially those related to retirement.

He said, “If the insured decides to retire, for example, he must make sure, first and before taking any step, that his years of service qualify him for retirement, or that he is entitled to an end-of-service reward,” pointing out that the Fund provides many sources of knowledge that enable the insured to raise The percentage of their awareness of their rights, such as the Fund’s website and the “Tamm” digital platform, in addition to the Fund’s official accounts on social media.