The General Pension and Social Security Authority stated that the federal pension law grants the insured a maximum pension (100%) of the pension account when working for 35 years, pointing out that it is an advantage in the federal pension law is rarely available in any other pension funds. the world.
Hanan al-Sahlawi, executive director of the pension sector in the General Authority for Pensions and Social Insurance, said: "The pension increases as the insured's years of service increase, rising from 60% over 15 years of service to 70% over 20 years in service. 2% for each additional year spent by the insured at work so that if he spent 25 years his pension increased to 80% of the pension account and 90% at 30 years in service and then to 100% at 35 years in service.
She added: "The insured is granted a bonus of 3 months from the pension account at each year spent after 35 years, for example, if the insured spent 38 years in service and his pension account salary 60 thousand, he is granted in addition to his pension (180,000) dirhams for each One of the three years he spent after 35 years, which means that the total bonus in addition to the pension for the three years becomes (540,000) dirhams.
Al-Sahlawi explained that the salary of the subscription account in the Authority represents the most important elements of the salary, where the basic salary includes the children's allowance, the cost of living, housing allowance, and social allowance. His pension is high and close to the salary he was paid on the job, but this depends on a major condition, which is to increase his service to the maximum pension.
Al-Sahlawi said that the insurance benefits of the insured rise with increasing years of service in the light of the possibility of increasing the salary in the future as a result of promotions and thus increase the salary of the insured subscription account, according to which his insurance dues are settled. It has a high pension value for retirement.