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Search: Posts Made By: Millhouse
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Forum: The Sand Pit
May 16th 2019, 2:04 am
Replies: 27
Views: 3,287
Posted By Millhouse

Re: End of Service Benefit Reform

Theres a big difference between an accrual on the balance sheet and a cash outlay.
Forum: The Sand Pit
May 9th 2019, 6:21 am
Replies: 27
Views: 3,287
Posted By Millhouse

Re: End of Service Benefit Reform

You live in Dubai, right?
Forum: The Sand Pit
May 9th 2019, 5:37 am
Replies: 27
Views: 3,287
Posted By Millhouse

Re: End of Service Benefit Reform

Or if you do... who keeps it.
Forum: The Sand Pit
May 8th 2019, 9:30 am
Replies: 27
Views: 3,287
Posted By Millhouse

Re: End of Service Benefit Reform

Thanks for the info. That’s very clear.

Are you advising them? 😁
Forum: The Sand Pit
May 8th 2019, 8:53 am
Replies: 27
Views: 3,287
Posted By Millhouse

Re: End of Service Benefit Reform

I sort of agree ... Only I suspect that the fund choices will be limited. Have high initial fees and the gov will get a kick back.
Forum: The Sand Pit
May 8th 2019, 8:00 am
Replies: 27
Views: 3,287
Posted By Millhouse

Re: End of Service Benefit Reform

I also did wonder how the catch up process would work. And of course the initial funding. Going to be a shock for some companies who have to pay out the balance on EOS for all employees on day one.
Forum: The Sand Pit
May 6th 2019, 2:20 pm
Replies: 27
Views: 3,287
Posted By Millhouse

Re: End of Service Benefit Reform

I’m sure that was exactly the first thought the government had.
Forum: The Sand Pit
May 6th 2019, 11:31 am
Replies: 27
Views: 3,287
Posted By Millhouse

End of Service Benefit Reform

So... you lucky folks in the DIFC.

Rumour is from 2020, the EOS benefit will no longer be accrued and paid by your employer when you leave. It will be settled in cash each month... into a trust...
Showing results 1 to 8 of 8


 
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