Key provisions of the new law include raising the maximum contribution account salary for UAE nationals in the private sector from AED 50,000 to AED 70,000.
Pension calculations in both government and private sectors will be based on the average contribution account salary over the last six years of service.
The law also outlines seven cases where insured individuals are entitled to a retirement pension, including married, divorced, or widowed women.
The minimum age for a pensioner is 55 years, with a subscription period of 30 years. Additionally, pensioners can combine their pension with income from a new job if they meet certain criteria.