The pension system for retirees in the UAE

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 At the first time that the retirement system in the UAE is included in “Mercer MFA Global Retirement Index”, The pension system for retirees in the UAE ranked first in the Arab world and 22nd globally.

The pension system in the UAE outperformed its counterpart in Malaysia, which ranked 23rd in the world, Spain (24th), China (28th), Italy (32nd), Austria (33rd), Japan (36th), and South Korea (38th), and India (40th).

The report stated that employees contribute 5% of their monthly salaries to this system, while employers contribute rates ranging from 12.5% ​​to 15%, while the government guarantees the benefits and allocations available within the system.

All of this is the result of great efforts and wise planning from UAE`s leaders as they work hard for a better future for UAE and great achievements.

It is also noted that the continuous progress and achievements that the Emirates have achieved recently as  October is considered one of the happiest months for every Emirati, in which a huge event like Expo2020Dubai began, and UAE won a seat on the Human Rights Council, as well as organizing the GITEX exhibition and many of the achievements that took place during Only 20 days of the month.


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