UAE Pension Law Update | HR Chronicle Explains New Contribution Rule

Описание: 🎬 Stay Compliant with UAE’s New Pension Law – Trusted by Businesses in Dubai, Riyadh, and Across the Middle East

Learn how the UAE’s updated pension law (Law No. 57 of 2023) impacts private and public sector employers. Effective from October 31, 2023, the law increases total monthly contributions from salary:

💼 Employees: 11% (previously 5%)
🏢 Employers: 15% (previously 12.5%)
🏦 Government support: 2.5% for private sector employees earning - Dh 20,000
(https://www.khaleejtimes.com/jobs/uae...)
🔍 Key Points Covered:
📄 Who does the law apply to? Emiratis joining after Oct 31, 2023, or not covered under the 1999 law 📋
📊 How HR Chronicle automates pension calculations, compliance reporting, and payroll integration 📊
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📈 Trusted by over 400+ organizations, HR Chronicle simplifies HR workflows while ensuring alignment with UAE labor law, Saudi regulations, and GCC standards.

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