Purchasing the legal service period enables the insured to enhance their rights and ensure their entitlement to a stable retirement pension. The insured can raise and improve their pension by purchasing a legal service period, which enhances their financial and social stability during retirement years. In addition, purchasing the legal service period reflects the insured’s commitment to planning their financial future and providing comfort and security for themselves and their family in the coming years.
The Social Security Law in the Emirate of Sharjah permits the insured to purchase a nominal period of service to improve the retirement pension. The nominal period is a non-actual period of service that the insured did not spend at work, which they can purchase to increase the retirement pension. The insured must have spent a subscription period of no less than 20 years, and the period to be purchased must not exceed five years for men and ten years for women. The insurer bears 20% of the subscription account salary for the purchase period.
The insured can pay the costs of the purchase period either in one lump sum of no less than 50% of the total costs or by paying the rest in instalments, provided that the instalment period does not exceed 55 years for women and 60 years for men. In all cases, the total purchase costs must be paid before the end of the service. The Sharjah Social Security Fund's vision is to consolidate its role towards providing integrated and innovative services following the Social Security Law, which contributes to improving the quality of life of the insured and their families and enhancing social care by the requirements of providing the means for a decent living.
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