The Emirates Red Crescent expects 70,000 people in the UAE and 298,000 around the world to benefit from its donations. Wam
The Emirates Red Crescent expects 70,000 people in the UAE and 298,000 around the world to benefit from its donations. Wam

ERC seeks Dh12m for Eid donations



ABU DHABI // About 370,000 poor people from around the world are expected to receive sacrificial meat donations as part of the Eid Al Adha campaign of Emirates Red Crescent (ERC).

The charity on Monday said it hoped to raise Dh12 million for the campaign this year; with Dh7m for the UAE and Dh5m for overseas use.

“This year we had to increase the number of beneficiaries, considering the clashes and crises that occurred and led many families to leave their homes,” said Rashed Al Mansoori, ERC’s deputy secretary general.

“Presenting aid became a must and our goal is to benefit a large number of people.”

The number of beneficiaries has risen about 20 per cent from last year.

Food donations would also be distributed in Yemen, Iraq and to Syrian refugees in Jordan.

ERC workers will be collecting money from donors at malls and at its 300 branches and offices in the UAE and 60 countries.

The charity started receiving donations for its Dh12m target on Monday, and Mr Al Mansoori said he was confident of achieving it. “We have every year, and we will this year. People are very proactive with the ERC’s campaigns.”

Hind Al Mehairbi, ERC’s director of marketing and public relations, said its reputation enabled it to achieve the fundraising target every year.

“It is the people who approach the agents wherever they are because they have to fulfil the obligation of providing a sacrifice,” she said.

“And the Red Crescent not only takes care of slaughtering but also distribution.”

The ERC expects 70,000 people in the UAE and 298,000 around the world to benefit from its donations.

A donation of Dh500 will pay for one sacrificial animal in the UAE, while Dh350 will cover the costs outside the country.

hdajani@thenational.ae

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The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

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