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UAE considers expat pension schemes

UAE considers expat pension schemes

Pension schemes could soon be available for expat workers in the UAE, following a study that recommends replacing traditional end-of-service gratuity schemes with a savings investment fund. A copy of the study has been obtained by local newspaper Gulf News, which say it was recently presented to the UAE government.

The study says establishing a pension scheme, which includes both private and public-sector expat employees, will have a "positive impact socially and economically on all parties of the production cycle and stimulate the national economy".

Please link to International Adviser to read the full article by Tom Carnegie.

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