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First-of-its-kind golden pension scheme for expats

Finance Dubai 11 Jan 23
First-of-its-kind golden pension scheme for expats
UAE: Over 9,000 taxi drivers to benefit from first-of-its-kind golden pension scheme for expats.
Event Location
Dubai, Dubai
Start Time
11 January 2023, 12:00 AM
End Time
28 February 2023, 12:00 AM

National Bonds, UAE-based Shari’a-compliant savings and investment company, announced one of the first organisations to join the first-of-its-kind Golden Pension Plan, Dubai Taxi Corporation (DTC) at the Dubai Roads and Transport Authority (RTA).

The Golden Pension Plan was launched in a move to ramp up its suite of financial planning solutions for nationals and residents.

More than 9,000 drivers can now leverage the National Bonds platform to save money and enjoy a range of exclusive benefits.

The scheme aims to support organisations with their employee retention efforts as well as help them plan ahead for the end-of-service financials. Employees have the flexibility to contribute as little as Dh100 on a monthly basis and earn a profit on the amount saved, which can be availed in addition to the earned gratuity provided by their organisation.

Through National Bonds’ mobile application, employees can check their pension portfolio and can view their savings grow. Moreover, they will be part of the National Bonds’ rich rewards program of Dh35 million and are eligible for Life takaful cover provided by local Takaful Operators.

Developed in line with increasing demand from employers and employees, the unique initiative aims to help corporates registered with National Bonds support their employees’ financial goals.

The scheme would help employees of registered corporates get a head start in growing their end-of-service benefits as part of their retirement planning and strengthen their financial resilience through the highly competitive returns being offered by National Bonds under this program.

Mansoor Rahma AlFalasi, CEO of DTC, said: “We are proud to be the first organization to join the Golden Pension Plan. Through this program, the Corporation seeks to provide quality services to its drivers, which contributes to achieving the strategic goals of the happiness of our people."

UAE golden pension scheme expats

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