Sheikh Hamdan announces new end-of-service savings fund for foreign employees – The National

Sheikh Hamdan announces new end-of-service savings fund for foreign employees – The National

Non-Emirati employees working in Dubai’s government and public sector can join a new savings pension plan, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said on Wednesday.

The system will be in addition to the existing gratuity scheme, under which staff receive a lump sum when they leave their job.

It could be expanded to the private sector on a voluntary basis only, a statement on Sheikh Hamdan’s website said.