UAE Business: DIFC discusses savings scheme for govt employees – Gulf Digital News

UAE Business: DIFC discusses savings scheme for govt employees – Gulf Digital News

Dubai International Financial Centre (DIFC) has held several virtual town hall meetings with senior executives from various government entities to discuss the detailed implementation of ‘Savings Scheme for Employees in Government of Dubai’ for expatriates plan from July 1.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of The Executive Council, approved the launch of the scheme in March 2022 with the aim of attracting and retaining talent by providing an integrated system that offers various savings opportunities for employees to secure their present and future.

The scheme conceptualised after the DIFC Employee Workplace Savings (DEWS) plan, targets expatriates in Dubai government entities in the first stage, with the scope of expanding its implementation in later stages.

The virtual meetings were attended by executives, human resources managers and employees from government entities that will start implementing the new scheme. The attendees learned about the advantages of the scheme, enrolment details and types of financial contributions, in addition to procedures followed at all levels, which include the employee, employer and the supervisory board of the scheme.

Alya Hussain AlZarouni, Executive Vice President – Operations, DIFC Authority, said: “Expanding the DIFC Employee Workplace Savings (DEWS) plan across the Dubai government