Al Hammadi: Paying monthly contributions is no longer an obstacle for the private sector.
Abu Dhabi, United Arab Emirates, April 6, 2015: In line with the Abu Dhabi Retirement Pensions & Benefits Fund's ongoing quest to improve the level of services provided for members and employers, especially those involved in the private sector, and the strategic plan for 2015 - 2019, the Abu Dhabi Retirement Pensions & Benefits Fund has announced the launch of their e-payment portal, in collaboration with the Ministry of Finance and National Bank of Abu Dhabi.
The Abu Dhabi Pensions Fund is one of the first entities in the Emirate of Abu Dhabi to implement such a service. The launch of the e-payment gateway, which essentially aims to extend the payment options for employers registered with the Fund, will enable them to carry out payments of contributions through e-mail from the Abu Dhabi Pensions Fund's website either by using a credit card or by using the easy and convenient e-Dirham card.
The service has been launched in mutual collaboration between the Ministry of Finance and the National Bank of Abu Dhabi, with the pilot phase having proved to be immensely successful and effective. H.E. Khalaf Abdullah Rahma Al Hammadi, Director General of Abu Dhabi Pensions Fund, commented, "The launch of the e-payment portal will provide employers an easy and safe way to pay, and is especially convenient because employers can now fulfill the payment process from anywhere and at any time, without the need to visit the bank. Using the e-payment portal service will save contributors valuable time, reducing the transaction time from hours to a few minutes. The move also supports the government's efforts to increase the proportion of Emiratization in the private sector , hence contributions will no longer be an obstacle as they became payable with ease and now they can avoid fines resulting from the delay of payment. "
Al Hammadi added: "The gate will contribute to enhancing the effectiveness of Abu Dhabi Pensions Fund operations and raise the level of services provided to customers, to get to the leadership in providing pension services and retirement benefits. The second phase of the launch of the electronic gate payment will offer various electronic payment options Phase one of the projects was launched in August with the E-Payment Deposit Slip".
He also stressed on the importance for employers to coordinate with the Fund to ensure timely monthly contributions, and an accurate update of the monthly contribution lists, which will consequently enhance the level of Abu Dhabi Pensions Fund's services.
Al Hammadi extended his appreciation to the Ministry of Finance and the National Bank of Abu Dhabi for their cooperation on the project. He also invited the registered entities and users to read the instruction booklets and watch the tutorial video on using the E-Payment portal through the Fund's website.
Over the past few years, the Fund has taken care to implement performance indicators, improve procedures and apply technology in order to facilitate the payment of contributions by employers and bring efficiency to the collection rate of monthly contributions.
About Abu Dhabi Retirement Pensions & Benefits Fund:
The Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) is an important entity of the Abu Dhabi Government. It was founded in 2000 to manage contributions, pensions and end-of-service benefits for UAE nationals working in or retired from the government, semi-government and private sectors in the Emirate of Abu Dhabi, and their beneficiaries.
For more information, please visit - www.pension.gov.ae/
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© Press Release 2015