UAE gov't proposes end-of-service employee fund for expats

clock • 1 min read

The UAE is planning to introduce a savings retirement fund for non-Emirati employees that will run in addition to the existing end-of-service gratuity system. The Federal Authority for Government Human Resources (FAHR), is consulting on the proposal, and has conducted a study, Work Incentives & End-of-Service Benefits to ascertain best practive for pension fund management going forward. Abdulrahman Al Awar, director general of FAHR, said: "Setting up investment funds for the retirement ...

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.