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Abu Dhabi: Extended families in the UAE receive their fair share of pensions and social security under the General Pensions and Social Security Authority (GPSSA), thanks to flexible and secure insurance schemes that offer lifetime financial sustainability to eligible UAE nationals .
The ‘Be Prepared – Active Financial Planning’ campaign showcases the generous payouts from GPSSA to the insured’s heirs (also known as beneficiaries) which include widows, divorcees, sons, daughters under UAE pension law , brothers, sisters and parents. Pension shares are distributed equally among all those entitled to them without prejudice. These shares can also be re-trusted after termination if one of the entitlements is renewed.
Eligible daughters, who by definition are unemployed, unmarried or divorced, regardless of age, can continue to receive their pension share decades in advance, and that share can be extended further for over 79 years. Sons and brothers will stop receiving a pension when they turn 21 following the pensioner’s death, unless they have no personal income or pension of their own, but must submit proof of unemployment at that stage.What the UAE Pensions Law Says
According to the UAE Pension Law, when the contributory years reach 35 years, or if the insured person is totally disabled or dies due to a work-related injury, the pension is paid at 100% of the contributory salary regardless of his/her working years, even if the insured person The payment period is only one month.
In addition, the law provides the insured with the opportunity to complete a period of service that would qualify him/her to receive a pension; for example, a woman is entitled to purchase a legal service period of 1 to 10 years, and if she decides to retire before the age of 20, Pensions will be increased by 20%, while men will be entitled to buy five years of legal service from 1 to 10 years and further increase their pension income by 10%.
Dh10,000 has been set as the minimum amount of pension. If the insured person’s pension falls below this limit after retirement, he/she will be compensated according to this amount, and if his/her new salary is less than Dh10,000, the difference will be compensated.
In accordance with Sharia law of succession, if the insured person’s heirs are terminated from employment due to a work-related accident resulting in total disability or death, compensation worth Dh75,000 will be distributed to their heirs.
When a pensioner dies, his heirs will receive a death benefit equal to three times the wages of the pension salary account, as well as a retirement pension for the family dependents. However, if the insured is partially disabled due to a work-related injury, he/she will be entitled to compensation equal to the disability percentage multiplied by Dh75,000.
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