efox
Hi;
I found on this forum info, that the retirement age in UAR is 60 years old, and this is a law .
Can please someone explain, how does this law apply
to Americans working in Dubai ?
Can you retire at 60, or you have to retire at 60 ?
If only can, and can keep working, for how long you can?
Will the employee , American company, obey this rules, or
in case of American company does age of retirement is the same like in US ,
65 and you can work longer for higher ss ?
thank you
eva
Concord
- efox wrote:
Hi;
I found on this forum info, that the retirement age in UAR is 60 years old, and this is a law .
Can please someone explain, how does this law apply
to Americans working in Dubai ?
Can you retire at 60, or you have to retire at 60 ?
If only can, and can keep working, for how long you can?
Will the employee , American company, obey this rules, or
in case of American company does age of retirement is the same like in US ,
65 and you can work longer for higher ss ?
thank you
eva
First of all the law applies to all regarless of nationality.
The retirement age is 60 (55 for women in the public sector) but can be extended to 65 or to 70 for certain occupations. You need ministry of labor approval for the extension.
See this article in the newspaper
With regard to ss, if your american company collects it then yes (but note that there is a cap on how much you will receive regardless of how much you put in). If the company that employs you is not american but a affiliate of your company (headquarter in the Virgin Islands, Isle of Man, Seychelles or the like) there will be no deduction for ss, and you need not pay any if you are a UAE resident.
You still need to pay income tax, however!
Good luck.
^ian^
- Concord wrote:
- efox wrote:
Hi;
I found on this forum info, that the retirement age in UAR is 60 years old, and this is a law .
Can please someone explain, how does this law apply
to Americans working in Dubai ?
Can you retire at 60, or you have to retire at 60 ?
If only can, and can keep working, for how long you can?
Will the employee , American company, obey this rules, or
in case of American company does age of retirement is the same like in US ,
65 and you can work longer for higher ss ?
thank you
eva
First of all the law applies to all regarless of nationality.
The retirement age is 60 (55 for women in the public sector) but can be extended to 65 or to 70 for certain occupations. You need ministry of labor approval for the extension.
See this article in the newspaper
With regard to ss, if your american company collects it then yes (but note that there is a cap on how much you will receive regardless of how much you put in). If the company that employs you is not american but a affiliate of your company (headquarter in the Virgin Islands, Isle of Man, Seychelles or the like) there will be no deduction for ss, and you need not pay any if you are a UAE resident.
You still need to pay income tax, however!
Good luck.
How does Sage continue working?
MaaaD
its the case of milton waddams from office space :lol:
Quote:
- Mr. Lumbergh told me to talk to payroll and then payroll told me to talk to Mr. Lumbergh and I still haven't received my paycheck and he took my stapler and he never brought it back and then they moved my desk to storage room B and there was garbage on it...
gtmash
- ^ian^ wrote:
How does Sage continue working?
He has wastaa. He pays the cleaner at the Ministry office, who changes his paperwork at night. Sage is an evergreen 59-year-old.
hamadl
i thought the retirement age in the UAE is only aplicable to UAE nationlas, and so is the retirement scheme from the government..not sure though..
MaaaD
retirement age for expats = no more residency visa renewal .. no benefits from government obviously unless you are government employee then you get a pension payout.
sage & onion
- gtmash wrote:
- ^ian^ wrote:
How does Sage continue working?
He has wastaa. He pays the cleaner at the Ministry office, who changes his paperwork at night. Sage is an evergreen 59-year-old.
He's not a cleaner he's a clerk for your information :wink: