Tuesday, September 21, 2010

Pension

Most people would be happy to retire from the army or police and get a $72,000 pension. That is until they find out that those who retired after them are getting a $415,000 pension.

With benefits like these no Emirati will be willing to work at a private company because no private company could ever offer a benefit like this.

A $415,000 pension. An income guaranteed every year for the rest of your life... wow.

In case you clicked on the link above and are confused by the monthly income in dirhams:
Dh 22,000 per month * 12 months = Dh 264,00 = $71,934
Dh 127,000 per month * 12 months = Dh 1,524,000 = $415,258

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