Article 15| August 2015 : Pension Authority issues Statement about Amendments to Retirement and Pension Laws

Pension Authority issues Statement about Amendments to Retirement and Pension Laws

by Al Mubasheri  |  August 2015

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The General Pension and Social Security Authority has issued a statement about amendments to retirement and pension laws in light of rumours circulating online.

“Information is circulating online about the new pension laws taken from a link about the new law from our website,” the authority said on Wednesday.

“This information contains an abbreviated explanation of the current law issued in 2007. We ask the general public to verify information before circulating them with no knowledge, to avoid rumours.

“Spreading of such rumours is misleading and can have legal repercussions.”

Some of the information being circulated on social media sites included suggestions that pension deductions for Emirati citizens would increase, over four years, from 5 per cent to 15 per cent.

About Al Mubasheri Advocates and Legal Consultancy

Al Mubasheri aim to provide integrity-driven and high-quality legal support to individuals or groups using practical, analytical, and client-focused approach in recognizing and responding to concerns and challenges related to achieving business or personal objectives. We possess resilience in varied forms of challenges and employ our best efforts in order to establish realization of clients’ needs and goals.

As a registered agent for offshore company registration in Jebel Ali Free Zone, we act as liaison between the company and the Authority for all transactions and requirements needed for the incorporation. We tackle all related matters from initial contact to end of contract. For questions click here

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