Mohammed Saqer Al Hammadi, Director of the Customer Happiness Unit at the General Pension and Social Insurance Authority, confirmed that women represent 64% of the participants in the Pension Fund. He added that the biggest challenges facing the Authority is early retirement, pointing out that the objectives of the Authority are fully in line with the Government's tendencies to keep the citizen at work for as long as possible.
During a recent workshop conducted by the TRA at the Etisalat Group at the Etisalat Academy in Dubai, Al Hammadi confirmed that the pension law is one of the most generous laws in the world, granting the pension to a maximum of 100% of the contribution salary, which is not available. Often in any fund worldwide.
He added: «The pension is paid to the maximum if the insured died of injury at work, even if he spent in insurance for one day. In addition, the contribution deducted from the insured in 20% is offset by 34% of the insured benefit. Therefore, the Commission shall charge an additional 14% gain and loss account to the insured's account, but it does not consider the subject according to this principle, because it considers that its fund It is a takaful fund, which brings the insured under one umbrella, enabling everyone to get the best privileges, which ensures that the insured survives longer. ”
Al-Hammadi explained that «early retirement is a danger to the fund of the Authority, as it is a risk to the insured, because the pension is linked once the insured to retire, and with the high standard of living face the insured face the challenge of not meeting the pension to the cost of life, which forces him to seek work New, at a time when he actually had a job before the decision was made, so we advise that the insured should not consider retirement as a goal, but rather a means by which the insured will still enjoy the insurance and benefits while on the job, until naturally reaching retirement. Or if he is subjected to any health condition that prevents him from taking Murar at work. "In this case, he will automatically receive the benefits determined by law."
Regarding the attitudes of the law towards women, he stressed that the pension law did not differentiate between men and women, but expanded the rights of women more than men, where women can buy 10 years of legal service, while men were allowed to buy five years. A widow can also combine her pension or salary from work with her husband's pension. The girl remains in the pension even if she is 21 years old, unless she marries or joins a job, unlike the boy, who is out of the pension by reaching that age. The law also equated male and female in the distribution of pension to the beneficiaries, in addition to that the pension of women is distributed to the beneficiaries who were supporting the state of her life, like that of men.
Disengage
The General Authority for Pensions and Social Insurance, through the proposed amendments to the study in relation to the pension law, raised the issue of decoupling between the age and the length of service required to pay pensions for women.
The amendment was expected to be approved. But it will be about the choices of the insured, who will have to choose between early retirement or the best insurance benefits, if you decide to continue working longer.