Pension and Gratuity

The UAE pension schemes, specifically ADPF (Abu Dhabi Pension Fund) and GPSSA (General Pension and Social Security Authority), are designed to provide retirement benefits to employees. Employee contributions are deducted based on a percentage of their salary, as stipulated by the respective pension authorities. Employers also contribute to these funds on an accrual basis, calculated monthly according to government regulations. Automating pension calculations ensures accuracy and timely compliance, reducing manual errors. Reporting for pension schemes must adhere to the guidelines set by ADPF and GPSSA, ensuring transparency and legal compliance. Timely submission of contributions and reports is critical to avoid penalties. This system helps secure long-term financial stability for employees after retirement.

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