The Voluntary Alternative End-of-Service Benefits System (‘Savings Scheme’)







In line with the UAE’s efforts to develop the work environment and enhance financial security for employees, the Voluntary Alternative End-of-Service Benefits System (‘Savings Scheme’) was launched by Cabinet Resolution No. (96) of 2023.



 



The Scheme aims to provide a sustainable alternative to end-of-service gratuity, allow workers to earn valuable investment returns, and foster a culture of saving, in line with the UAE Government’s advancement towards a stable and sustainable work environment that protects labour rights and supports competitiveness.



 



The system allows employers in the private sector and free zones to pay monthly contributions that are invested in approved investment funds, including Lunate, First Abu Dhabi Bank, Daman Investments, and National Bonds. Establishments can choose the appropriate fund and register directly through the funds’ own platforms or the MoHRE portal: https://www.mohre.gov.ae/ar/media-center/awareness-and-guidance/alternative-end-of-service-benefits-system-savings-scheme.aspx



 



SMS containing OTP has been sent to your mobile
Please fix the following errors ()
*Please complete mandatory questions to proceed.
Q.0
How would you describe your level of familiarity with the Voluntary Alternative End-of-Service Benefits System (‘Savings Scheme’)?
Q.0
What do you think of the idea of investing end-of-service contributions to the employee’s benefit through savings funds?
Q.0
What are the most significant potential challenges associated with implementing the alternative ‘Savings Scheme’ in your company or institution?
Q.0
What is the ideal duration you believe is suitable for maximising the benefit from the alternative system?
Q.0
What channels do you prefer to use for accessing information and enhancing your awareness about the ‘Savings Scheme’?
Q.0
What factors might encourage you as an employee or employer to choose the alternative system? (More than one option can be selected)
Q.0
Do you have additional suggestions for developing the alternative ‘Savings Scheme’ and ensuring employees benefit from it better?
Powered by The Telecommunications and Digital Government Regulatory Authority