Subscription is optional in 20 income brackets... and 6% government support for subscribers
The start of the registration of nationals “employers and self-employed” in the retirement system in Abu Dhabi
Part of the briefing.
From the source
The Abu Dhabi Pension Fund announced the start of implementing a decision to include self-employed citizens from employers, liberal professions and commercial activities, in the retirement law in the Emirate of Abu Dhabi, as of today, with the possibility of their registration as insured with the Fund voluntarily, provided that they are treated as insured in the private sector.
The fund stated, during a media briefing organized yesterday, to announce the details of the new decision, that it comes in line with the directions of the Abu Dhabi government towards supporting citizens working in the private sector who are owners of projects and liberal professions, and the fund's endeavor to provide insurance protection for citizens working in Abu Dhabi.
The Fund explained that “the inclusion of self-employed workers under Law No. 2 of 2000 regarding civil retirement pensions and benefits in the Emirate of Abu Dhabi, is concerned with citizens who engage in commercial, industrial or agricultural activities for their own account, who have a commercial registry or any other official registry in the emirate, and it also includes The decision is for citizens, employers and self-employed persons,” noting that “the registration of these categories in the fund is optional, as it is subject to the citizen’s desire to register to benefit from the insurance benefits and advantages that the fund provides to its registrants.”
Regarding the mechanism and system for the participation of citizens working for themselves, the fund confirmed, during the briefing that was organized “remotely”, the identification of 20 different income brackets from which employers can choose the appropriate ones, starting from 12 thousand and 750 dirhams, and a maximum of 200 thousand dirhams, to be calculated The monthly contributions amount to 26% of the monthly income bracket, of which the insured bears only 20%, while the government bears 6% of the value of the pension contributions in support of employers and self-employed professionals for their contribution to supporting the economic growth of the Emirate of Abu Dhabi, and to ensure the principle of justice and equality and equal opportunities among All insured citizens, as it is the same percentage of support for government and private sector employees.
The fund pointed out that the citizen can cancel the subscription if he wishes to do so, or in the event of closing his company or stopping his commercial activity officially.
He can also apply for the subscription again after canceling it, whenever he wishes.
He explained that according to this decision, a citizen can add his previous services as an employee in one of the entities subject to the provisions of the law to serve him as an employer, provided that he pays for it in exchange for the cost of joining established according to the law, pointing out that the citizens covered by the decision can submit applications for registration with the fund starting today through the website. The Fund’s electronic mail, or by applying directly at the headquarters or the various branches of the Fund.
The managing director of the fund, Salem Al Nuaimi, said that the decision to include self-employed workers in the retirement law in the Emirate of Abu Dhabi contributes to supporting citizens who own business and free professions, especially young entrepreneurs, and encouraging them to be an active element in the process of economic development in the emirate, especially since their registration in the system Retirement allows them to benefit from the insurance benefits provided by the Fund, which secures their future and the future of their families.
The Director General of the Abu Dhabi Pension Fund, Khalaf Al Hammadi, stressed the Fund's keenness to provide the opportunity for all citizens in the Emirate of Abu Dhabi to benefit from the retirement benefits provided by the Fund to those registered under its umbrella, noting that the categories covered by the decision will be treated the same as the insured for the private sector, as they can benefit from The advantages available to this sector in the retirement law.
• The new law concerns citizens who engage in commercial, industrial or agricultural activities for their own account.
• Registering citizens in the retirement system allows them to benefit from the insurance benefits provided by the Fund, thus securing their future and the future of their families.
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