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الشارقة 24
Adding service years boosts pension benefits
The General Authority for Pensions and Social Security has clarified that purchasing additional years of service helps improve the value of the retirement pension for contributors. Those covered by Law 1999 can request to buy service years after completing 20 years of service, while those covered by Law 2023 are allowed to do so after completing 25 years or with 15 years of service upon reaching age 60. There are limits to the period eligible for purchase, capped at 35 years, and the contribution rates vary depending on the law. The cost of purchasing additional service is based on the employee's salary and contribution amount; it can be paid in full or through installments over up to 4 years. This is contingent on the contributor being actively employed at the time of the purchase request, with the option to continue deducting amounts from the pension in case of death before full repayment.
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