New pension law applies to Emiratis starting work from Oct. 31

UAE nationals, who've started work "for the first time" from October 31, will be covered under the new pension law, authorities have announced.

They must be employed by entities linked to the General Pension and Social Security Authority (GPSSA), which includes federal and government sector firms in the UAE, apart from those in Abu Dhabi and Sharjah. 

All affiliated private firms in the UAE, apart from Abu Dhabi, will also be included. 

The authority added that current employees will continue to be covered under Federal Law No. (7) of 1999 on Pension and Social Security.

The new law aims to enhance the flexibility of the pension and social security services in the UAE.