The UAE's Pension System is the BEST in the Arab World
According to the Mercer MFA Global Retirement Index for the year 2021, the UAE ranked first in the Arab world in terms of the best pension system. This is the first time that the retirement system in the UAE is included in the classification of this indicator. This is a great achievement and success that reflects the reform and development efforts led by the UAE.
In describing the UAE pension system, the report stated that the system includes a minimum government pension, where employees contribute 5% of their monthly salaries to this system, while employers contribute rates ranging from 12.5% to 15%.
It is worth noting that the UAE ranked 22nd globally according to the same index, as well as Malaysia, which ranked 23rd globally, Spain (24th), China (28th), Italy (32nd), Austria (33rd), and Japan. (36), South Korea (38), and India (40).
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