What is DEWS?
DEWS stands for DIFC Employee Workplace Savings.
DEWS is the funded workplace savings scheme that replaced end-of-service gratuity for most DIFC employees, requiring monthly employer contributions to a regulated trust.
DEWS explained
Rather than accruing a gratuity liability payable at exit, DIFC employers contribute monthly to DEWS at a percentage of basic salary that increases with length of service. The funds are held in a regulated trust and belong to the employee.
This converts an unfunded end-of-service liability into a predictable monthly cost, and requires payroll to calculate and remit contributions every cycle rather than provision for a lump sum.
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