Pension Authority issues Statement about Amendments to Retirement and Pension Laws
by Al Mubasheri | August 2015
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
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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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