Retirement no longer compulsory for Emiratis after 25 years of service
Abu Dhabi’s Retirement Pensions and Benefits Fund has announced that retirement is no longer compulsory for citizens in the government, semi-government and private sectors who have completed 25 years of work.
The announcement comes following the unveiling of a major stimulus package by the emirate’s crown prince on Tuesday, including Dhs50bn ($13.61bn) worth of measures to spur growth in the emirate and make it easier to do business, create jobs and boost tourism.
The fund said Emiratis can continue to work after 25 years if they wish to join a new employer but they will still receive pension payments once they submit their resignation.
Read More: Gulf Business
