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Dubai Issues Law on Local Military Pensions and Social Security Fund

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Staff Writer, TLR

Published on July 14, 2023, 17:41:00

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Law, His Highness Sheikh Mohammed bin Rashid Al Maktoum, The Executive Council of Dubai, The Law No. (7) of 2022, Military Pensions,  Social Security

The Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Law No. (7) of 2022 on Local Military Pensions and Social Security Fund in Dubai.

According to WAM, the move seeks to support Dubai’s vision in the domain of social security and pensions while ensuring the implementation of best practices.

The Fund also seeks to improve the quality of services offered to its beneficiaries. It also ensures that all the rights and insurance needs of contributors, pensioners, and their beneficiaries in the Fund are met.

According to the Law, the Director-General of the Department of Finance (DoF) is tasked with overseeing the administrative, technical, and financial affairs of the Fund. In addition, the Chairman of The Executive Council of Dubai will issue a decision to nominate an Executive Director for the Fund.

Once the law comes into effect, all liabilities and assets of the Local Military Pensions and Social Security Division at the DoF will be transferred to the Fund.

This Law annuls Executive Council Resolution No. (25) of 2006 pertaining to the creation of the Local Military Pensions and Social Security Division and any other legislation that may contradict it.

The Law No. (7) of 2022 is effective from the date of issuance and will be published in the Official Gazette.

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