{"id":215878,"date":"2025-10-15T18:39:11","date_gmt":"2025-10-15T18:39:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/215878\/"},"modified":"2025-10-15T18:39:11","modified_gmt":"2025-10-15T18:39:11","slug":"uaes-pension-system-climbs-in-global-rankings-on-benefits-and-management","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/215878\/","title":{"rendered":"UAE\u2019s pension system climbs in global rankings on benefits and management"},"content":{"rendered":"

The UAE\u2019s retirement income system<\/a> improved its score for the fifth year in a row on Mercer’s global index backed by its reforms in the sector. <\/p>\n

The Emirates\u2019 overall index score increased slightly to 64.9 in 2025 from 64.8 in 2024 on the Mercer CFA Institute Global Pension Index, primarily due to a refinement in approach for measuring pension coverage<\/a>, according to the survey.<\/p>\n

The index covers 52 countries with long-standing pension systems<\/a> such as the US, Singapore and France, that account for 65 per cent of the world\u2019s population. It uses a weighted average of factors such as adequacy, sustainability and integrity. <\/p>\n

Globally, the Netherlands took the top spot, followed by Iceland, Denmark, Singapore and Israel. India was ranked last.<\/p>\n

\u201cEvidence of the UAE\u2019s forward-thinking strategy to enhance long-term financial security is the Dubai International Financial Centre\u2019s employee workplace savings plan for expatriate employees \u2013 the Employee Workplace Savings Plan<\/a> (DEWS) that was launched over five years ago, which has now surpassed $1 billion in assets under administration,\u201d Claudia Maldonado, head of savings and pensions, Mercer Middle East, said. <\/p>\n

\u201cWhile DEWS is not included in the UAE\u2019s national pension system, it is testament to the UAE\u2019s adaptability to the changing economic landscape and its focus on building a strong foundation for meaningful retirement outcomes for all.\u201d<\/p>\n

The UAE\u2019s retirement income system comprises a minimum means-tested state pension and an earnings-related national employment-based scheme. Within the UAE, the pensions of Emiratis<\/a> are administered by different agencies such as the Abu Dhabi Pension Fund, Sharjah Social Security Fund and the General Pensions and Social Security Authority.<\/p>\n

Emiratis working in the government and private sectors are eligible for pensions and other retirement benefits after reaching the retirement age of 49 or after having served a minimum of 20 years, according to the UAE government.<\/p>\n

Employee monthly contributions for new Emirati workers in the public and private sectors increased to 11 per cent in 2023 from 5 per cent earlier. Public sector employer contributions remain at 15 per cent but for private sector employers, it has been increased to 15 per cent from 12.5 per cent.<\/p>\n

Non-Emirati employees have their end-of-service entitlements covered by the UAE\u2019s gratuity programme<\/a>. Gratuities are lump-sum payments to which all employed residents are entitled after completing at least one year of service. They are covered by the UAE labour law and the sum depends on an employee\u2019s length of service and basic salary.<\/p>\n

In 2023, the UAE introduced an optional savings retirement plan<\/a> that allows employees in private and free zone sectors to invest their end-of-service benefits to build long-term wealth. In 2022, Dubai also launched a savings retirement initiative for non-Emirati employees working in the emirate\u2019s government and public sector.<\/p>\n

The UAE\u2019s pension system scored highly, compared with global peers, in the areas of adequacy and integrity, Mercer said on Wednesday. The country had the highest score, 79.4, in adequacy due to generous retirement benefits, according to Mercer. It scored 40.6 in sustainability (or long-term viability) and 75.5 in integrity, owing to the strong management structure around the pension system.<\/p>\n

\"\"<\/p>\n

\u201cThe overall index value for the UAE\u2019s pension system could be increased by increasing the coverage of employees in occupational pension schemes, increasing the state pension age as life expectancies rise, and reducing household debt levels,\u201d the Mercer report said.<\/p>\n

Saudi Arabia\u2019s retirement income system also improved its overall score to 67.6 in 2025 from 60.5 in 2024 primarily due to improved data provided on the minimum pension, the index found.<\/p>\n

Living in…<\/p>\n

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country\u2019s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.<\/p>\n

NBA Finals so far<\/p>\n

(Toronto lead 3-1 in best-of-seven series_<\/p>\n

Game 1 Raptors 118 Warriors 109<\/p>\n

Game 2 Raptors 104 Warriors 109<\/p>\n

Game 3 Warriors 109 Raptors 123<\/p>\n

Game 4 Warriors 92 Raptors 105<\/p>\n

Fighting with My Family<\/p>\n

Director: Stephen Merchant\u00a0<\/p>\n

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n

Four stars<\/p>\n

Meydan\u00a0race\u00a0card<\/p>\n

6pm Dubai\u00a0Trophy \u2013\u00a0Conditions(TB) $100,000 (Turf)\u00a01,200m\u00a0<\/p>\n

6.35Dubai\u00a0Trophy \u2013\u00a0Conditions(TB) $100,000 (Turf)\u00a01,200m
1,800m\u00a0<\/p>\n

7.10pm Jumeirah\u00a0Derby\u00a0Trial \u2013\u00a0Conditions (TB) $60,000 (T)
1,800m\u00a0,400m\u00a0<\/p>\n

7.45pm Al\u00a0Rashidiya \u2013\u00a0Group\u00a02 (TB)\u00a0 $180,000\u00a0 (T)\u00a01,800m\u00a0<\/p>\n

8.20pm Al\u00a0Fahidi\u00a0Fort \u2013\u00a0Group\u00a02 (TB) $180,000 (T)\u00a01,400m\u00a0<\/p>\n

8.55pm Dubawi\u00a0Stakes \u2013\u00a0Group\u00a03 (TB) $150,000 (D)\u00a01,200m\u00a0<\/p>\n

9.30pm Aliyah \u2013\u00a0Rated\u00a0Conditions (TB) $80,000 (D)\u00a02,000m\u00a0\u00a0<\/p>\n

RESULTS<\/p>\n

1.30pm\u00a0Handicap (PA) Dh 50,000 (Dirt) 1,400m<\/p>\n

Winner\u00a0AF Almomayaz, Hugo Lebouc (jockey), Ali Rashid Al Raihe (trainer)<\/p>\n

2pm\u00a0Handicap (TB) Dh 84,000 (D) 1,400m<\/p>\n

Winner\u00a0Karaginsky, Tadhg O\u2019Shea, Satish Seemar.<\/p>\n

2.30pm\u00a0Maiden (TB) Dh 60,000 (D) 1,200m<\/p>\n

Winner\u00a0Sadeedd, Ryan Curatolo, Nicholas Bachalard.<\/p>\n

3pm\u00a0Conditions (TB) Dh 100,000 (D) 1,950m<\/p>\n

Winner\u00a0Blue Sovereign, Clement Lecoeuvre, Erwan Charpy.<\/p>\n

3.30pm\u00a0Handicap (TB) Dh 76,000 (D) 1,800m<\/p>\n

Winner\u00a0Tailor\u2019s Row, Royston Ffrench, Salem bin Ghadayer.<\/p>\n

4pm\u00a0Maiden (TB) Dh 60,000 (D) 1,600m<\/p>\n

Winner\u00a0Bladesmith, Tadhg O\u2019Shea, Satish Seemar.<\/p>\n

4.30pm\u00a0Handicap (TB) Dh 68,000 (D) 1,000m<\/p>\n

Winner\u00a0Shanaghai City, Fabrice Veron, Rashed Bouresly.<\/p>\n

Know your Camel lingo<\/p>\n

The\u00a0bairaq\u00a0is a competition for the best herd of 50 camels, named for the banner its winner takes home<\/p>\n

Namoos –\u00a0a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as ‘the pride of victory’ – and for competitors, it is priceless<\/p>\n

Asayel\u00a0camels –\u00a0sleek, short-haired hound-like racers<\/p>\n

Majahim –\u00a0chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s<\/p>\n

Millions Street – the thoroughfare where camels are led and where white 4x4s throng throughout the festival<\/p>\n

BMW M5 specs<\/p>\n

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor<\/p>\n

Power: 727hp<\/p>\n

Torque: 1,000Nm<\/p>\n

Transmission: 8-speed auto<\/p>\n

Fuel consumption: 10.6L\/100km<\/p>\n

On sale: Now<\/p>\n

Price: From Dh650,000<\/p>\n

Our legal consultant<\/p>\n

Name:\u00a0Hassan Mohsen Elhais<\/p>\n

Position:\u00a0legal consultant with Al Rowaad Advocates and Legal Consultants.<\/p>\n","protected":false},"excerpt":{"rendered":"The UAE\u2019s retirement income system improved its score for the fifth year in a row on Mercer’s global…\n","protected":false},"author":2,"featured_media":215879,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,15785,186,4363,184,185,156,155,21542],"class_list":{"0":"post-215878","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-business-team","12":"tag-finance","13":"tag-pensions","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-standard","17":"tag-story","18":"tag-uae"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/215878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=215878"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/215878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/215879"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=215878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=215878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=215878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}