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Abu Dhabi Pension Agency: 5 years in installments to return end of service benefits in return for adding “previous periods”

Benefit from the grace period of the insured who paid the end of service gratuity before the date of May 20, 2020. Archive

The Abu Dhabi Pension Fund confirmed that the insured is not required to return or pay the value of the end-of-service gratuity in full, within the three-month period allotted for submitting requests to add the previous service period, as the insured can pay the value of the end-of-service gratuity in installments for a period of up to five years.

In detail, today, the period set by the Abu Dhabi Pension Fund will take effect for the insured who wish to combine the periods of previous services, in return for refunding the value of the end-of-service benefits they received, without any additional cost, for a period of three months from today, until January 17, 2022 In response to the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, to exempt the insured with the Abu Dhabi Pension Fund from paying the cost of adding previous years of service on the basis of a percentage of the current salary.

The Fund explained that it will benefit from this period of insured persons who paid the end-of-service gratuity before the date of May 20 of the year 2020, and have the desire to combine their previous service periods at present, noting that after the end of the period of time, the consideration for adding the service will be calculated on the basis of 26% of the subject salary. for deduction.

The Fund set five conditions to benefit from the grace period, including “that the insured must be on the job at the time of submitting the joining request, and that the end-of-service gratuity be disbursed before May 20, 2020, in addition to the need to refund the value of the reward disbursed all at once or in installments, and that the intended service not be Inclusion in the private sector outside the Emirate of Abu Dhabi, and finally, that the period of service to be joined should not precede the insured's acquisition of the nationality of the state.

The Fund defined the payment period for the inclusion of the previous services period, as a three-month period granted to the insured, who disbursed the end-of-service gratuity before May 20 of the year 2020, to combine their previous services, by returning the reward they received only, and net without any additional cost. , starting from tomorrow, until January 17, 2022, stressing that benefiting from the payment period to include previous services is limited to the insured who have already disbursed the end-of-service gratuity before the date of May 20, 2020, and who have the desire to include their previous service periods currently, with the exception of periods Prior to naturalization or working in the private sector outside the Emirate of Abu Dhabi.

In response to the most frequently asked questions about the inclusion of previous service periods, which were received on its official website, the Fund stated that this decision does not apply to the insured whose services with their employers have ended, and they have paid end-of-service benefits during the period after May 20, 2020, and therefore no They can take advantage of the extension period of service by refunding the value of the award.

The Fund stated that calculating a cost in return for adding the periods of previous services during the period of the payment period, is done by returning the insured to the value of the reward that he spent only, during the payment period for the addition of previous services, pointing out that the insured is not required to pay the full value of the reward during the payment period. , which lasts for three months.

He said: "This period is intended for submitting requests to combine previous services, but with regard to the payment mechanism, the insured has the option to pay in installments the value of the end-of-service gratuity, over a period of 60 months."

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