EK Provident Fund
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Join Date: Feb 2004
Location: Hades.
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EK Provident Fund
I have been told that the qualifying period to leave the company with 100% of contributions has been increased from 7 to 10 years.
I don't have intranet access, and this is the rumour network, can anyone confirm or (hopefully) deny please?
I don't have intranet access, and this is the rumour network, can anyone confirm or (hopefully) deny please?
Join Date: Aug 2007
Location: UAE
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What next
These idiots would try that thinking it would make us stay that extra few years, because alot of people are looking elsewhere and will be leaving if the pay freeze continues after April. Since i got here 3 years ago they haven't stopped F@@king with the terms and conditions not for the better either. I had a good job and some mornings i wonder what was i thinking ....
Last edited by These seats are hard; 22nd Mar 2010 at 18:01.
Join Date: May 2007
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EK Provident Fund
Does anyone know. If you put your letter of resignation in prior to your 5/7years, however you leave the company after the 3mth notice which is then in the 5/7th year, does the company recognize the date you leave the company for provident pay out, or the date on the letter? I wouldn't put it past them to use the date on the letter.
Join Date: Jan 2010
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Does the "Provident Fund" fall out of the scope of the Labor Law mandated gratuity? Am guessing thats the case. From my perspective EK offers
- Provident Fund
- Regular run of the mill gratuity, as prescribed by the UAE labour law
- Does this imply that EK has two exit payouts ?
- Or am I assuming that they abide by contracts and laws
- Severance Pay : http://www.tamimi.com/files/articles..._Law_Jul08.pdf
- For your amusement , draft labor law : http://www.mafiwasta.com/hrw%20draft%20labour%20law.pdf
- The Original Labor Law document that has been removed from www mol dot ae for some reason! ( Link below has the original document circa 2009 )
- http://www.ilo.org/dyn/natlex/docs/ELECTRONIC/11956/69376/F417089305/ARE11956.pdf