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Abu Dhabi Retirement Pensions and Benefits Fund announces success of its procedures

United Arab Emirates: Monday, November 05 - 2007 @ 11:06

However, the fund has studied and scrutinized the said procedures and has set a number of options that helped the pensioners in submitting their Annual Declarations through it’s offices, bank branches that receive pension and one stop office in Sila, Delma, Madenat Zayed, Ghyathi and customer service centers in both Abu Dhabi and Al Ain Municipalities.

As a result of these procedures and after the fund has stated, Annual Declaration must be submitted within three months period covering, October November, and December 2007. A total of 1300 filled out declarations in October through the above mentioned centers.

However, the Fund management is pleased to say that the aim behind these Annual Declarations is to ensure continuous payment of pension to save exceptional cases when some pensioners find employment, in which case their pension shares will be re-distributed to the other beneficiaries. Needles to say that Annual Declaration system is used in all retirement Funds world wise.

The Fund is exerting effort to promote social security culture among active members and pensioners. The fund also uses the publishing in local newspaper, broadcasting services and SMS, which have positive effect in the success of the Fund’s plan in filling out the Annual Declaration.

The Fund is a public entity established and founded by virtue of the law No. 2 of 2000 regarding Abu Dhabi civil retirement pensions and benefits, and has been assigned the task of applying pension’s provisions related to UAE nationals working in Emirates of Abu Dhabi in the government, and semi government, private sectors, and any other entities registered in Abu Dhabi and operating in UAE.

The Fund is mainly founded to help the UAE citizens and their families to live in welfare after retirement. This end can only be realized by the Fund management. Which will invest the fund’s in a wise manner that maintains continuous payment of benefits to pensioners, and their future generations and to provide fruitful and creative services to all parties dealing with it.

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Monday, November 5- 2007 @ 11:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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