Sheikh Mohammed issues law for military pensions and security fund

Abu Dhabi, UAE: The Vice President and Prime Minister of the United Arab Emirates – Sheikh Mohammed bin Rashid Al Maktoum made a regulation related to the Local Military Pensions and Social Security Fund in Dubai, which will support the city’s vision of social security and pensions. 

This law will also focus on improving the service quality being offered to its beneficiaries. On the implementation of the law, all the liabilities and assets of the Local Military Pensions and Social Security Division at the department of finance will be then transferred to the fund. 

Meanwhile, the Finance department’s Director-General has been handed the responsibility of looking over the administrative, technical as well as monetary matters related to the funding. 

The Executive Director for the fund will be selected by the chairman of the Executive Council of Dubai. 

In addition, Sheikh Mohammed Maktoum congratulated the Middle East country residents for the successful start of the second nuclear power plant in the Barakah area in Abu Dhabi. 

The new law repeals Executive Council Resolution No. (25) of 2006 pertaining to the creation of the Local Military Pensions and Social Security Division and any other legislation that lies opposite to it. 

Tweet of Sheikh Mohammed cites, “We congratulate the United Arab Emirates for its success in operating the second nuclear power plant in the Barakah area in Abu Dhabi. I congratulate all the workers, and I congratulate 1,800 sons of the country, including engineers, operators and specialists. I congratulate my brother, Mohamed bin Zayed, for the historic national achievement.” 

Sheikh Mohammed then showcased his faith in the youth of the country for future endeavours. 

Following the above statement, he further added, “Around 70 percent of the citizens working in nuclear power plants are under the age of thirty-five (35). We are a young country. It is betting on its youth. Its youth is betting on its delivery to unprecedented historical horizons.”