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Old 16th January 2008 | 12:52
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saddlebrooks
 
Joined: May 2007
Posts: 30
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From: Oasis
What is "End of Service Benefit"?
This is a requirement of the UAE Labor Law, not a company benefit. The law states;

SECTION II
Severance Pay Article 132
A worker who has completed one or more years of continuous service shall be entitled to severance pay at the end of his employment. The days of absence from
work without pay shall not be included in calculating the period of service. The severance pay shall be calculated as follows:
1.21 days' wage for each of the first five years of service.
2.30 days’ wage for each additional year of service provided always that the aggregate amount of severance pay should not exceed two year's wage.
Article 133
A worker shall be entitled to severance pay for any fraction of a year he actually served, provided that he has completed one year of continuous service.

Article 134
Without prejudice to the provisions of laws that grant pensions or retirement benefits to employees in certain firms, severance pay shall be calculated on the basis of the wage last due for monthly, weekly and daily paid workers, and on the basis of the average daily wage referred to in Article 57 hereof for those paid on piecemeal.
Labor Laws can be found here;

http://www.mol.gov.ae/Pages-EN/docum...-labour.HTML#q
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