The payment will be made on the 27th of each month except for August when it will be given on the 26th, GPSSA said in a statement, adding, in February, March, and November, the pension will be paid on the 25th.
British government borrowing costs jumped again on Wednesday after Bank of England (BoE) Governor Andrew Bailey told pension funds they had three days to fix liquidity problems before the bank ends emergency bond-buying that has provided support. The 20-year gilt yield hit its highest in 14 years at 5.141 per cent, and 30-year yields
The scheme, which is targeted towards 89 per cent of the UAE’s population that are expats, will help employees of registered corporates get a head start in retirement planning and strengthen their financial resilience.
Retirement always gives pain, sometimes it can also trigger stress, anxiety, and depression but here in the UAE, it can be a reward for years of hard work. After retirement many of us spend years — whether it’s travelling somewhere in neighbouring countries, spending more time with family and friends, pursuing hobbies.
At the end of the employee’s service period, he will receive a retirement pension or an end-of-service benefit according to the retirement law he is subjected to in the employee’s home country.
The decision will benefit more than 7,600 Emiratis working in Abu Dhabi’s public schools during their retirement.
The Fund also seeks to improve the quality of services offered to its beneficiaries and ensure that all the rights and insurance needs of contributors, pensioners and their beneficiaries in the Fund are met.
His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved the first phase of the ‘Sultan Project for Decent Living’, which includes an increase in the pensions of 453 federal retirees of Sharjah Police with a retroactive effect from January 1st, 2018.
French Interior Minister Gerald Darmanin announced, on Friday, that 457 people had been arrested, and that 441 police and gendarmerie officers were injured on Thursday, in France, during the ninth day of protests against pension reform.
It was a conversation with my female, 40-something friend at a new year’s party that got me thinking about the hidden forces at work on women’s finances. “We’re finalising our divorce,” she said. “It’s all amicable. I was surprised when my solicitor mentioned pensions though. I wouldn’t have thought about this.” It’s a good thing