Press Conference on Voluntary Alternative End-Of-Service Benefits Scheme

Wednesday, November 01, 2023

In line with the Cabinet Resolution No. (96) of 2023 Regarding the Voluntary Alternative End-of-Service Benefits Scheme for Private Sector Workers – the Savings Scheme – the Ministry of Human Resources and Emiratisation (MoHRE) and the Securities and Commodities Authority (SCA) began implementing the new Scheme for end-of-service benefits.

The new Scheme invests end-of-service gratuity (or end-of-service benefits) of employees who are registered by their employers that subscribe to the Scheme.