Abu, Dhabi, UAE -- A new UAE law contributes to enhancing insured Emiratis chance in obtaining a retirement pension by merging employment years at no cost, which increases the possibility of obtaining a pension and/or end-of-service gratuity once ready to retire. Announced by the General Pension and Social Security Authority...

Riyadh, Saudi Arabia -- Saudi Arabia's King Salman bin Abdulaziz Al Saud Sunday issued directives on raising the basic minimum pension for social security beneficiaries by 20 percent. Meanwhile, the Citizen Account Program will remain in effect while adding certain factors to enhance support efficiency and ensure that benefits are...

Dubai, UAE - The UAE government has announced a 2.5 percent payment support to its citizens’ pension contributions through the Nafis program.  The subsidy applies specifically to Emirati employees in the private sector and comes with a condition: both the company's information and the employee's data must be regularly updated...

Abu Dhabi, UAE -- The UAE pension authority clarified Tuesday that requests related to Shourak scheme, which enables Emiratis to merge end-of-service benefits when switching careers, will only be considered applicable for eligible insured Emiratis who submit their end-of-service employment applications to the General Pension and Social Security Authority (GPSSA)...

The Social Insurance Law approved a number of amendments in the shares of those who are entitled, which resulted in an increase in the shares due, for the widow whose share in her deceased husbands pension was 75 percent if she was the only beneficiary to 100 percent, adds Khalifa...

The region's SWFs more than doubled their investments in Western economies to $51.6 billion in 2022 from $21.8 billion a year earlier, says the latest Global SWF report.

ABU DHABI, UAE - Insurance shares distributed among beneficiaries is one of the most essential privileges in the Federal Law No. 7 of 1999 for pension and social security, said the General Pension and Social Security Authority (GPSSA) on Thursday. The authority stressed that shares are distributed to the daughter,...

The 2022 Mercer CFA Institute Global Pension Index compares 44 retirement income systems against more than 50 indicators and benchmarks.

Government sector employers are mandated to bear full contributions due from the insured in cases where he/she is accompanying a spouse for study leave

While 44 percent of UAE residents want to retire from their jobs before they turn 55, most of them have not come up with any financial plan for their lives after retirement.

Here’s a look at what landed the UAE and Saudi Arabia among some of the better countries with a pension scheme for retiring or retired employees from both the government and private sectors.

Thousands of Iranian teachers have protested in more than 100 cities against delays in salary and pension reforms, a local newspaper reported Sunday.

Hundreds of teachers on Thursday rallied in several Iranian cities to denounce the slow implementation of salary and pension reforms, state media reported. In Gilan province on the Caspian Sea coast, around 150 teachers marched in the city of Rasht, while another 70 did so in Lahijan, the state broadcaster...

The UAE is one of the most attractive Gulf Cooperation Council (GCC) countries for GCC citizens to work in, according to the 2021 statistics released by the General Pension and Social Security Authority (GPSSA). A total of 6,903 employees from GCC countries work in the UAE, out of the total...

Qatari cabinet has approved draft social security and military retirement laws aimed at establishing "an effective social protection system for all Qataris to face the burdens of life, meet the aspirations of retirees and ensure a decent life for them and their families". The draft laws call for expanding the...

The kingdom’s Public Pension Agency said on Sunday that it had recorded 9.5 percent returns on investments in 2020. Its investments are distributed in most countries, both in developed and emerging markets.