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GPSSA Board of Directors approves the Authority's operating plan for 2020

17 March 2020

GPSSA Board of Directors approves the Authority

Headed by Hamdan bin Rashid

GPSSA Board of Directors approves the Authority's operating plan for 2020

Dubai, March 17, 2020: His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the Board of Directors of the General Pension and Social Security Authority, has chaired the board meeting today, Tuesday, March 17, 2020 at the Ruler's Court headquarters in Dubai.

The meeting has started by welcoming their Excellencies and Highnesses members of the Board by His Highness, as he wished them continuing success in their work. Then, the Board started discussing the agenda, where it approved the minutes of its previous meeting and reviewed the measures taken by the Authority’s management regarding implementing the decisions and recommendations issued by Board meetings for 2019. 

The Board also approved the decisions and recommendations issued by the committees emanating from it, i.e. the Executive Committee, Investment Committee, Higher Committee for Human Resources, Audit and Risk Committee. Then, the Board reviewed the investment report for 2019 and expressed satisfaction with the investment performance and the growth of investment portfolio. In addition, the Board approved the Authority’s operating plan for 2020, discussed other topics on its agenda and took appropriate decisions therein.

It is worth noting that the Authority's statistics for February 2020 indicate that the employers registered with the authority reach about (6,502), while the number of subscribers increases to (89,361) compared to about 85,221) for the same period last year. The number of retirees also increases to (16,427), compared to (16,022) retirees for the same period last year. While the number of beneficiaries increases to (7,165) compared to (6,947) for the same period last year. In addition, the Authority manages the files of (1,529) civilian retirees and (4,293) beneficiaries, as well as the files of (6,344) military retirees and (4,739) beneficiaries whose pensions are paid from the Ministry of Finance.

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