UAE: Pension Insurance Continues with Change of Employer
Emaratalyoum, 2 May 2023: The General Pension and Social Security Authority has launched the “Shorek” project, which aims to provide continuous service to insured individuals in case of changing employers without additional costs.
It is the first transformative project of the Authority and will allow individuals entitled to end-of-service rewards to consider their service continuous and connected with subsequent service without incurring additional costs.
The project applies to citizens working in both public and private sectors and will be effective from 1 July 2023.
For the full story, click here.
To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.
Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.