Dubai government pension plan will enrol foreign workers in stages
Non-Emirati employees working in Dubai’s government and public sector will be enrolled in the emirate's new savings retirement scheme in phases, said Abdulla Al Basti, Secretary General of the Dubai Executive Council and chairman of the steering committee overseeing the pension system.
The retirement plan will play a crucial role in enhancing the economic and social stability that Dubai offers its employees while strengthening the emirate’s position as a financial centre, Mr Al Basti said in a statement after the steering committee held its first meeting on Tuesday.
“The savings scheme ensures financial security, fortifies employer-employee relationships and, most importantly, presents a robust opportunity for employees looking to invest their savings,” he said.
The savings scheme was announced last Wednesday by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, who said the fund would make the emirate more attractive to people from around the world.
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