The Dubai Government Department of Finance said the provisions of Act No. (7) of 2022 regarding the pension and social security fund for local military personnel working in the Emirate of Dubai, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Deputy President and Prime Minister of the UAE, in his capacity as ruler of Dubai, established by Law No. (21) of 2008, it is valid as a public institution that has the legal personality and the legal capacity necessary to conduct business and actions that ensure the achievement of the objectives of this institution, which is affiliated with the Ministry of Finance. The Director General of the Department, Abdul Rahman Saleh Al Saleh, who is responsible for the overall oversight of the fund’s affairs, said: “The Department intends, in accordance with the provisions of this Act, to assume all rights and obligations regarding responsibilities and powers entrusted to the administration of pensions and social security to local military personnel, which was established in the department by a previous decision of the Executive Council, to the executive body of the fund, in accordance with the legislation in force in the emirate, and it also intends to transfer to the fund the financial allocations allocated to this department in the annual budget of the Ministry of Finance.
He added that the establishment of the Retirement and Social Security Fund for local military personnel working in the Emirate of Dubai is a major leap forward in the Emirate’s vision of the social sector regarding pensions and social security for its affiliates. enterprises, and development efforts and efforts aimed at achieving leadership and excellence in procedures, to achieve the government’s goals of community happiness, emphasizing that the objectives of the fund are consistent with the approved policies and strategic plans in this regard.
In turn, Major General Yousef Abdul-Malik Ahli, the Executive Director of the Pension and Social Security Fund for Local Soldiers working in the Emirate of Dubai, confirmed:
The new law defines the “administrative, organizational and financial aspects and frameworks for the fund”, explaining that with regard to the provisions of insurance rights and privileges established for members, pensioners and beneficiaries, these “remain the same as regulated by law no. 21 of 2008 under which the fund was established.” † He added: “The new law does not address issues related to or related to insurance rights and privileges, and does not address any of its provisions in its provisions.”
The Retirement and Social Security Fund for Local Soldiers Working in the Emirate of Dubai aims to support the Emirate’s vision of the social sector of pensions and social security for its affiliates, and to promote best insurance practices for pension and social security services to take care of its affiliates, in addition to managing the affairs of affiliates, retirees and beneficiaries in the Fund, to ensure the delivery of All of their entitlements and meet all of their insurance needs with ease and convenience.
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