Sentences with phrase «end of service gratuity»
Head of Employment, Jamie Liddington reviews the End of Service Gratuity scheme and considers the advantages and disadvantages of replacing it with defined contribution pension plan.
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Prior to the introduction of DIFC Employment Law No. 3 of 2012 («DIFC Employment Amendment Law») the position under DIFC Employment Law No. 4 of 2005 («DIFC Employment Law 2005») was that all employees must, within the first month of their employment, elect whether to join the employer's pension scheme or to receive end of service gratuity on termination of their employment.
We advise on immigration and residency rules; Ministry of Labour compliance; staff benefits and incentive schemes; redundancy and termination management; end of service gratuity settlements; drafting and remodelling of service contracts and all other kinds of employment contract documentation.