“Abu Dhabi Pension Agency”: 3 controls that allow the addition of previous service periods
7 Cases of Entitlement to a Retirement Pension for Employers and Self-Professionals
The Abu Dhabi Pension Fund confirmed the right of the insured citizen working for his own account to change the value of the income he receives from his activity.
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The Fund provides 20 different income brackets.
From the source
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The Abu Dhabi Pension Fund has identified seven legal cases for the entitlement of insured nationals, self-employed and self-employed, to a retirement pension, the most prominent of which is “the termination of the service of the insured due to death, total disability or lack of health fitness, regardless of the duration of his participation in the Fund.
Total disability or lack of health fitness is proven by the competent medical committee.
The same applies to the termination of the service of the insured by reaching the age of retirement, when the period of his subscription to the Fund reaches 10 years.
The Fund has set three main controls to include previous periods of service for business owners and liberal professions, including the possibility of adding any previous service period in the Fund or any other retirement fund, whether or not it received a reward for it.
In detail, the Abu Dhabi Pension Fund continues to receive applications for the registration of self-employed citizens who are self-employed and self-employed, who wish to be insured with the Fund, through two application mechanisms, the first by visiting the fund's website, and the second by coming in person to the fund's headquarters.
The decision to include citizens from employers, liberal professions and commercial activities working for themselves, by Law No. (2) of 2000 regarding civil retirement pensions and benefits for the Emirate of Abu Dhabi and its amendments, entered into force, on the first of this March, to allow this category to be registered as insured with the Fund. voluntarily”, so that they will be treated as insured in the private sector.
The Abu Dhabi Pensions Fund, in an indicative campaign launched on its official pages on social media platforms, confirmed the right of the insured citizen working for himself, to change the value of the income he receives from his activity, during January of each year, provided that he adhere to a specific income bracket for the subject monthly income. For the deduction on the basis of which the retirement contributions are calculated, in accordance with the controls and conditions set by the Fund.
The fund provides 20 different income brackets, from which the citizen chooses the appropriate bracket for his activity, including, respectively: 12,750 dirhams per month, 20 thousand, 30 thousand, 40 thousand, 50 thousand, 60 thousand, 70 thousand, 80 thousand, 90 thousand, 100 thousand, 110 thousand, 120 thousand, 130 thousand, 140 thousand, 150 thousand, 160 thousand, 170 thousand, 180 thousand, 190 thousand, and 200 thousand dirhams per month.”
The Fund explained, in the campaign it launched under the title “Register yourself,” that insured citizens working for themselves may combine their previous service periods according to three main controls, the first of which is the possibility of adding any previous service period in the Fund or any other pension fund, whether it received a reward for it. or did not receive, and the second is to calculate the consideration for adding the previous service period, in accordance with the provisions of Law No. (2000/2) and its amendments.
Whereas the latter, upon the termination of the service of the contributor insured in his capacity as a self-employed worker and after that he joined a work entity affiliated with the Fund, can include his period of service within the category of self-employed workers for the subsequent period with this entity.
He stated that the end-of-service reward for the insured working for themselves, is calculated on the basis of the average wage subject to deduction for the last six years of the service period, so that the insured is given a reward (one and a half month’s salary) for each year of service, during the first five years of service In the following five years of service, the insured whose services are terminated is granted a bonus (two months’ salary) for each year of service, while the insured who has more than 10 years of service is granted a bonus (three months’ salary) for each year of service.
The Fund confirmed that the insured who is self-employed is entitled to a retirement pension if one of the seven cases of entitlement to the pension mentioned in Article (27) of Law No. (2) of 2000 regarding civil retirement pensions and benefits for the Emirate of Abu Dhabi and its amendments, including “the termination of the service of the insured” Due to death, total disability, or unfitness for health, whatever the duration of his participation in the Fund, and the total disability or lack of health fitness is proven by the competent medical committee, the termination of the service of the insured upon reaching retirement age, when his subscription period in this fund reaches 10 years, expiry The service of the insured who is married, divorced, or widowed if any of them has children for reasons other than those mentioned in the previous two clauses, when the period of her participation in the fund is 15 years, or 10 years if she has reached the age of 50 or more.
The list of the seven cases of entitlement to the pension also included “the termination of the service of the insured by an Emiri decree or by a decision of the Executive Council to refer to retirement, the termination of the service of the insured upon his request when the period of his participation in the fund was 15 years and he had reached the age of 50 for males and 45 for females when this law came into force when this law came into effect. Provided that the age for both sexes is increased year by year during the following five years, and two years after that until reaching the age of retirement, the termination of the service of the insured by a disciplinary decision or a court ruling when he had a contribution period of 15 years in the fund, termination of the service of the insured for reasons other than those stipulated In the previous clauses, when his calculated contribution period in the fund was 25 years, and the retirement pension in the cases stipulated in the previous clauses is calculated on the basis of a contribution period of 15 years, or the actual contribution period, whichever is longer, and added to the calculated contribution period in the fund in the event of service termination due to death Or the total disability of three legal years, or what completes one age55 for females and 60 for males, whichever is lower.
4 cases to stop the subscription of the insured
The Abu Dhabi Pension Fund has identified 4 cases that require the suspension of the insured’s subscription to the Fund in his capacity as self-employed, which are “the suspension of the subscription at his request, the official closing of the company or the suspension of its activity, his joining a business registered with the Fund, or being subject to any of the applicable retirement laws In the country, the subscription is not paid for a period of (6) months (in this case the subscription will be suspended starting from the beginning of the month for which the subscription was not paid).
With regard to the start date of calculating the worker’s subscription for his own account, the Fund stated that the start of the subscription can be calculated from the beginning of the month of submitting the application or from the beginning of the month following the submission of the application, according to the worker’s desire for his own account, explaining that the expiry date of the worker’s subscription is calculated for his own account with the Fund. As of the last day of the month in which he stops his subscription to the Fund at his request or as a result of closing the company.
“End of service benefits for self-employed insureds are calculated on the basis of the average deductible wage for the last six years of service.”
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