End of Service Gratuity
Zurich rolls out app for UAE end-of-service benefits
‘First of its kind’ tool will make control of financial future ‘easier and more transparent’
Over 1,000 DIFC companies enrol in end-of-service scheme
It represents 85% of all eligible organisations in the Dubai-based financial centre
Nearly 90% of expats in UAE not equipped for retirement
As they intend to work ‘as long as they are able to’ past the state retirement age
End of service benefit funding retirement for most UAE workers
Despite this increased reliance, people are expecting to receive, on average, just AED17,000
UAE firms back mandatory end of service benefit scheme
As many put themselves at financial risk by taking payments out of cashflow