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-   -   Provident fund in EK/EY? (https://www.pprune.org/middle-east/308477-provident-fund-ek-ey.html)

off_off_dim_and_off 14th Jan 2008 05:45
Provident fund in EK/EY?
 
Do expat pilot get provident fund contribution from EK/EY at all? What is "End of Service Benefit"?

Flyer34 16th Jan 2008 01:27
Good Question
 
Often wondered that myself?! What the hell is the "end of service benefit" anyway? With the number of people that want to leave the sandpit surely someone has been able to find out all the details for EK/EY!

Not that I would think it's a "Golden Handshake" but I am hoping it's better than the "Kick in the Arse With a Frozen Boot" end of service benefit I'd get currently...

Thridle Op Des 16th Jan 2008 07:58
Expect the frozen boot

saddlebrooks 16th Jan 2008 12:52
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

Marooned 16th Jan 2008 12:57
The real end of service benefit is that you get to leave....


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