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The report provides in-depth industry analysis, information and insights of the employee benefits in the UAE, including:
Overview of the state and compulsory benefits in the UAE
Detailed information about the private benefits in the UAE
Insights on various central institutions responsible for the administration of the different branches of social security
The regulatory framework and recent regulations relating to UAE employee benefits
Summary
The country, however, only provides social security benefits to UAE nationals. The country does not have a social security system comparable to those that expatriates from other countries have access to. Expatriate employees and employers of an expatriate are not required to make contributions to any social security scheme.
The country social security system is governed by the Pension and Social Security Federal Law. The General Pension and Social Security Authority (GPSSA) and Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) are both responsible for social insurance and pension benefits in the UAE. Individuals can also voluntarily participate in private benefit plans.
This report provides a detailed analysis of employee benefits in the UAE:
It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
It covers an exhaustive list of employee benefits, including retirement benefits, death in service benefits, short-term sickness benefits, medical benefits, workmen compensation, maternity and paternity benefits, minimum resources, annual vacations and private benefits
It highlights the economic and regulatory situations relating to employee benefits in the UAE
Key Highlights
The UAE social security system provides benefits to UAE nationals only
Expatriate employees and employers of an expatriate are not required to make contributions to any social security scheme
All full time employees in the UAE can voluntarily participate in private benefit plans
Individual savings policies and group savings policies are two kinds of private benefit plans that are available in the country, whose purpose is to provide simple retirement plans with accumulated investment earnings, vesting and flexible retirement options
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