Law No. (2) of 2000 concerning Civil Retirement Pensions and Benefits in the Emirate of Abu Dhabi

Article 1 — • The name “Abu Dhabi Retirement Pensions and Benefits Fund” shall ¶

be replaced by “Abu Dhabi Pension Fund” wherever mentioned in the
aforesaid Law No. (2) of 2000 and any other legislation.
• The definition of “Director” occurring in Article (2) of the aforesaid Law
No. (2) of 2000 shall be repealed and replaced with the word “Director”
and the word “Director-General” shall be replaced by the expression
“Managing Director”, wherever mentioned in the aforesaid Law No. (2)
of 2000.

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Article 3 — • The Fund shall be a public institution, having an independent legal entity. ¶

It shall have financial and administrative independence as well as full legal
capacity to act.
• The main office of the Fund shall be located in the city of Abu Dhabi
and branches or offices thereof may be established inside or outside the
Emirate by a decision of the Board.

Article 5 — • The management of the Fund shall be assumed by a board of directors, ¶

consisting of not less than five members and not more than nine, including
the Chairman and Managing Director, who shall be appointed by virtue of
a Chairman of the Executive Council Resolution.
• The Chairman of the Board may select, from among its members, a Vice-
Chairman to replace him during his absence.
• The term of the Board's membership shall be three years, automatically
renewable for similar periods unless a Resolution was issued by the
Chairman of the Executive Council to reform the same.

Article 9 — The Board shall be the competent authority to manage the Fund’s affairs and ¶

supervise its tasks. It shall in particular assume the following:
• Approve the draft budget, annual budgets and closing accounts of the
Fund and its subsidiaries for every fiscal year.
• Approve the annual report about the Fund’s activities.
• Approve the general insurance policy of the Fund.
• Approve the general investment policy of the Fund.

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• Suggest the legislations related to the Fund’s competencies and submit
them for approval according to the legislations in force.
• Approve the general plan for the investment of the Fund’s assets and
approve the fields of implementation thereof.
• Approve the Fund’s organisational structure.
• Issue the Fund’s internal financial, administrative, investment and
operational regulations.
• Appoint one external auditor or more for the Fund, from among the
chartered auditors, provided that he submits his report to the Board
within three months from the end of every fiscal year of the Fund.
• Establish companies alone or in participation with third parties inside and
outside the State, in implementation of its investment policies .
• Suggest the Fund’s human resources’ policies and regulations and submit
them to the Executive Council for approval.
• Appoint experts, consultants and technicians on a temporary or permanent
basis, determine their remuneration and seek the assistance of experts
and consulting institutions and offices commensurate with the Fund’s
needs and the achievement of its objectives.
• Form permanent and temporary committees from among its members or
others to carry out the tasks assigned to them.
• Any other competencies or tasks assigned by the Executive Council.

Article 11 — • The Managing Director shall assume the management of the Fund. ¶

• One Director-General or more may be appointed by a resolution issued by
the Executive Council, upon the suggestion of the Chairman, reporting
to the Managing Director. The Board of Directors shall specify their
competencies and financial remuneration according to the Fund’s
organisational structure.

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Article 3
A new Article shall be added under no. (14 bis) to the aforesaid Law No. (2)
of 2000 to read as follows:

Article 14 — bis) ¶

The provisions of human resources and retirement laws and regulations in
force in the Emirate shall apply to the Fund’s employees and users, where
there is no rules in the human resources’ policies and regulations of the
Fund.
Article 4
Articles (101) and (102) of the aforesaid Law No. (2) of 2000 shall be
repealed as well as any provision contrary to the provisions of this Law.
Article 5
This Law shall be effective from the date of its issuance and published in the
Official Gazette.
Issued by us in Abu Dhabi
On: 14 April 2021
Corresponding to: 29 Shaban 1442 Hijri
Khalifa bin Zayed Al Nahyan
Ruler of Abu Dhabi

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Crown Prince Chairman
of the Executive Council
Resolutions
Crown Prince Chairman of the Executive
Council Resolutions

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