An agreement to increase pensions for ADNOC employees

Khalid bin Mohamed bin Zayed witnessed the signing of an agreement between ADNOC and Abu Dhabi Pension Fund to include almost 80% of gross salary when calculating retirement pensions for ADNOC employees, to increase their retirement pensions by more than 20%.

ADNOC will start the new calculations from Jan 1 2020. Backdated costs, which amount to around AED14 billion, will be covered by ADNOC, thereby removing any financial burden from its 24,000 UAE employees, as a gesture of appreciation for their efforts and dedication.

ADNOC’s newly calculated retirement pensions will allow its employees to enjoy bigger retirement pensions and a better quality of life, while positioning ADNOC as a desirable workplace for skilled UAE talent.