United Arab Emirates (UAE) Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and

United Arab Emirates (UAE) Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2023 Update
Summary

The report provides in-depth industry analysis, information, and insights of the employee benefits in the UAE, including an overview of the state and compulsory benefits in the UAE, detailed information about the private benefits in the UAE, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in the UAE.The United Arab Emirates (UAE) has undergone a huge transformation following the discovery of oil in the 1950s, going from a poor region to a contemporary state with a high standard of living. The country, however, only provides social security benefits to UAE nationals. The country does not have a social security system comparable to those that expatriates from other countries have access to. Expatriate employees and employers of an expatriate are not required to make contributions to any social security scheme. The country’s social security system is governed by the Pension and Social Security Federal Law. The General Pension and Social Security Authority (GPSSA) and Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) are both responsible for social insurance and pension benefits in the UAE. Individuals can also voluntarily participate in private benefit plans.

Key HighlightsThe Ministry of Social Affairs, Social Security Department, Department of Welfare and Rehabilitation of Persons with Disability, Social Protection Department, Child Department, Social Affairs Office, and Social Education House organizations are responsible for the functioning of the overall social security system.A person’s national insurance contribution is determined based on their income.An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.In UAE, employers provide voluntary retirement benefits to their employees through end-of-service benefits (ESBs) and enhanced ESBs.Scope

This report provides a detailed analysis of employee benefits in the UAE -It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefitsIt covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, unemployment benefits, minimum resources benefits, leaves and holidays, and private benefitsIt highlights the economic and regulatory situations relating to employee benefits in the UAEReasons to BuyMake strategic decisions using in-depth information related to employee benefits in the countryAssess employee benefits of the market, including state and compulsory benefits and private benefitsGain insights into the key employee benefit schemes offered by private employers in the countryGain insights into key organizations governing employee benefits market, and their impact on companies