The Abu Dhabi Pension Fund on Tuesday announced that private sector companies in the emirate can apply to postpone paying pensions over the next three months. The decision, which was passed by the group’s board of directors, is open to 1,154 private entities that are registered to the fund, with those companies able to submit their application for postponed payments electronically through the fund’s online portal. According to the fund, 8,765 citizens are also registered with the fund.

“The fund was keen to grant the private sector entities a package of facilities in light of the current conditions, which the country and the world as a whole are going through, in order to support and help these entities in encountering the economic repercussions that greatly affect many private sector institutions,” said Jassem bu Otaabi Al Zaabi, chairman of the Abu Dhabi Pension Fund.

For his part, Khalaf Abdullah Rahma Al Hammadi said the decision to postpone pension plans over the next three months was to help companies affected by COVID-19 avoid missing payment deadlines.

“Article 26 of Law No. 2 of 2002 in the matter of Abu Dhabi Retirement Pensions and Benefits allows the fund’s board of directors to define cases and conditions for exempting the entities from additional amounts in the event of late monthly contributions payment.

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