Abu Dhabi Pension Fund (ADPF) has announced that the second-year pension eligibility requirements will begin on 1 December 2024, confirming that no new amendments to the pension eligibility conditions will be made. Instead, the gradual implementation will proceed as per the amended Pension Law that was issued in November 2023.
The fund pointed out that, according to the transitional provisions of the pension eligibility conditions, the years of service and the eligible retirement age will gradually increase based on the status of each active member, at a rate of six months annually.
This will take place until the retirement eligibility condition specified in the law is reached. The fund added that the minimum age for early retirement in the second year of the implementation of the amended law will be 45 years and six months, provided that 25 years of service have been completed.
The fund clarified that the gradual implementation plan applies exclusively to active members who are still in service and were registered with the fund before 1 December 2023. New active members hired after this date will be directly subject to the amended pension conditions announced last year.
The fund encouraged all active members to take advantage of its digital services package through the TAMM platform. The platform provides a service that automatically displays the expected pension age and pension eligibility date on the member’s dashboard. The platform also automatically calculates all details related to pension eligibility, including retirement age and years of service required, according to each member’s case.
The fund pointed out that its digital services also include additional tools for those who wish to learn about their expected pension amounts, such as the pension calculator and end-of-service gratuity calculator, along with the ability to calculate the cost of adding previous service periods. These services are designed to keep members informed about their insurance rights and personal updates, helping them make the best professional decisions for their future.
His Excellency Khalaf Abdullah Rahma Al Hammadi, Director General of ADPF, emphasised the fund's commitment to gradually and thoughtfully implementing the amended Pension Law, ensuring a balance between the financial sustainability requirements of the pension system and the rights of active members.
His Excellency Al Hammadi said: "We strive to provide integrated solutions that allow customers to understand the amended pension eligibility conditions, offering proactive services that provide easy access to information about their insurance status, to help them make professional decisions, enhancing their financial stability and securing a safe future."
