GPSSA and United Nations’ SDGs
The General Pension and Social Security Authority (GPSSA) plays a pivotal role in enhancing the UAE’s efforts to provide a safe and secure life for Emiratis, with an ambitious goal to cater to all generations. The Authority works in line with the United Nations’ Sustainable Development Goals (SDGs); specifically, Goals 1, 3, 4, and 8.
According to 2022 statistics, GPSSA’s customers include 86,360 insured Emiratis residing and employed in federal and local governments and private entities in the UAE, 7,113 employers, 25,420 pensioners, and 17,924 beneficiaries.
The insurance coverage extends to Emirati citizens working outside the UAE in any of the Gulf Cooperation Council (GCC) countries, based on the Insurance Protection Extension Program, reflecting the paramount role GPSSA plays in promoting a decent lifestyle for a large segment of UAE citizens.
Emiratis working in any of the GCC countries are entitled to receive insurance protection as if they were working in their own home country, the UAE. The insured is entitled to receive a pension or end-of-service reward upon retirement, in addition to compensation in some cases. Such benefits are paid after retirement.
The first step for insured individuals is to register with GPSSA to benefit from the insurance protection while he/she is employed.
The insurance protection scheme extends to his/her family in case the insured is exposed to any occupational injury or medical condition that prevents him/her from continuing to work.
GPSSA works together with its stakeholders by keeping them updated and informed on available services. This is done through organizing awareness workshops for individuals covered by GPSSA, who are subject to the provisions of the Federal Pensions Law.
Keeping GPSSA’s customers aware of the benefits, privileges, rights, and obligations stipulated in the Federal Pensions Law contributes to improving an insured’s career decisions and choices, such
as choosing to prolong years of employment.
GPSSA aims to raise awareness about the employer’s registration service.
Employers should adhere to the registration provisions, monthly contribution dates and other relevant conditions and requirements to avoid paying additional amounts and penalties.
Failure to register the insured does not exempt the employer from retroactive registration and contribution payments and additional amounts.
The insured can purchase a nominal service period to be added to the actual service period. Such a purchase aims to improve the pension rate upon retirement.
The insured can add his/her previous service period to the current service period to ensure they are both merged and that the service period remains consistent.
This service is one of the options that enables the insured to collect his/her separate service periods to meet the required period for obtaining the retirement pension, which is the ultimate goal of subscribing to insurance.