Starting from December 1, 2024, Abu Dhabi Pension Fund Amends Retirement Eligibility Conditions.
According to retirement pension eligibility new conditions, the service duration and eligible retirement age in the UAE will gradually increase by six months annually.
This depends on each insured individual’s status, until the retirement conditions specified by the law are met.
The minimum age for early retirement in the second year of the law application will be 45 and a half years.
Mentioning that the retired person must complete 25 years of service.
The phased plan exclusively applies to insured individuals who continue in service and were registered with Abu Dhabi Pension Fund before December 1, 2023.
New insured individuals, registered after this date, will directly adhere to the amended retirement conditions announced last year.
New System to Know Your Retirement Age and All Other Related Details
The Fund urged all insured individuals to benefit from its digital services package through “TAMM” system.
Noting that the platform provides a proactive service that automatically displays the expected retirement age.
As well as pension eligibility date on the user’s dashboard.
The system calculates all retirement-related details automatically.
Including retirement age and required service years, according to each case, whether the insured is male or female.
The Fund highlighted that its digital services include additional tools for those interested in learning about their expected pension values.
Such as the pension calculator and end-of-service gratuity.
In addition to the ability to calculate the cost of combining previous service periods.
This keeps them constantly informed about their insurance rights and personal file updates, helping them make the most suitable career decisions.
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Safe Future
Director General of Abu Dhabi Pension Fund, emphasized the Fund’s commitment to implementing the amended retirement law gradually and thoughtfully.
Ensuring a balance between the financial sustainability requirements of the retirement system and the rights of the insured individuals.
He said: “We aim to provide comprehensive solutions that enable clients to understand the amended retirement eligibility conditions.
As we offer proactive services that allow them to easily and effortlessly access information related to their insurance status.
This will also facilitate their future career decisions besides enhancing their financial stability, and securing a safe future for them.”
