The research tracked important metrics pertaining to retirement income systems throughout the globe and highlighted a number of ideas that can help provide citizens of these nations with more appropriate and long-lasting retirement benefits.
Due to the income system in place for retirees, according to Al Sahlawi, the UAE ranks 25th globally. This is a significantly higher position given the competition for pension funds in the UAE, which are distinguished by experience and tradition compared to the age of other funds in nations like the United States of America, Singapore, and France.
She emphasised that the report showed an increase in the value of the overall index for the UAE from 59.6 in 2021 to 61.8 in the current year, as it jumped in its classification from C to C+ and the UAE scored 63.8 degrees to rank 27th globally in terms of efficiency, demonstrating the immense support provided by the UAE government for its UAE nationals employed in both the governmental and private sectors by providing the largest contribution per employee.
In addition to offering numerous additional benefits to people covered by the law, the pension lasts for around 70 years or more given the high life expectancy in the UAE for both males and females.
The UAE is regarded as one of the most significant nations that has advanced ranks in terms of creating transparent systems in all of its government institutions and does not tolerate any actions that are associated with semi-corruption through the establishment of strict laws and regulations with the assistance of an auditing bureau that helps monitor all financial activities in the public sector.
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