Abu Dhabi Retirement Pension and Benefit Fund (ADRPBF)
The Abu Dhabi Retirement Pension and Benefit Fund (ADRPBF) is entrusted with the responsibility of managing retirement pensions and benefits for employees in the Emirate of Abu Dhabi. For employers utilizing Zoho Payroll, an understanding of ADRPBF is needed to ensure compliance and facilitate the provision of essential benefits to UAE employees.
ADRPBF oversees the retirement pension and benefit system in Abu Dhabi, with a primary objective of safeguarding the financial well-being of employees during their retirement and in times of need.
Mandatory Contributions
Both employers and employees are obligated to make monthly contributions to ADRPBF. These contributions are calculated based on the employee’s salary, with Zoho Payroll serving as a reliable tool for accurate computation.
| Authority | Employees' Contribution | Employer’s Contribution | Can be renewed at the start of the fiscal year? | Applicable for Citizens of |
|---|---|---|---|---|
| Abu Dhabi Retirement Pension and Benefit Fund (ADRPBF) | 5.00% | 15.00% | Yes | Abu Dhabi |
Benefit Entitlements
ADRPBF offers a range of benefits, encompassing retirement pensions, disability benefits, and social security coverage. Employees can rely on these benefits for financial security in various life situations.
Compliance and Reporting
Employers must stay compliant with ADRPBF regulations. This involves reporting the maximum contributory wage for employees and updating any changes in employment status.
Let’s see how you can configure ADRPBF in Zoho payroll.
Configuring ADRPBF in Zoho Payroll
Pre-requisite:Â Ensure that you have created or imported employees who are UAE nationals who are citizens of Abu Dhabi.
- Click Settings in the left sidebar of Zoho Payroll.
- Select Social Security.
- Click Edit in the Abu Dhabi Retirement Pension and Benefit Fund (ADRPBF) card.
- Enter the Maximum Contributory Wage. This represents the salary limit to which both employer and employee contribution rates apply.
- Choose the option to Postpone the updated ADRPBF contributions due to Salary revisions to the next calendar year if you wish to delay deductions resulting from salary revisions until the following calendar year.
- Click Save.
Pro-tip:
View Salary Components Used for ADRPBF Contributions
Gain insights into how salary contributes to ADRPBF. Click View Salary Components Used for ADRPBF Contribution option if you want to know the specific salary components used to calculate the maximum contributory wage.
