Dubai: The UAE government is studying a proposed draft law to bring the expatriates, who form a majority in the country, under the national pension scheme.

The "Pension Savings" draft law is being studied by the General Authority for Pensions and Social Insurance (GAPSI), and aims to include all expatriates working in the UAE's public and private sectors, local media reports said.

At present, pensions in the private sector are provided through an end-of-service payment (gratuity).

The law is still being studied, and we expect the studies to conclude by the end of April, and that will be followed by receiving the necessary initial approvals, GAPSI's deputy director Abdul Rahman Al Baqer told Gulf News.
Source : PTI