GPSSA concludes its campaign Discover Your Benefits Introducing an insurance share to beneficiaries is an important
•Insurance shares are distributed without prejudice to the heirs
•Shares are distributed to female and male pensioners
•When interrupted, a pension share is not transferred to other beneficiaries
Abu Dhabi, 24th November 2022: Insurance shares distributed amongst beneficiaries is one of the most important privileges in the Federal Law No. 7 of 1999 for pension and social security, announced the General Pension and Social Security (GPSSA) today, stressing on the fact that shares are distributed to the daughter, sister or mother if they are widowed or divorced, as well as to the son or brother if they are disabled.
It is important to note that pension shares are distributed to the heirs once the pensioner is deceased given that those heirs do not earn a salary or receive a pension of their own. Shares are distributed without prejudice to each eligible beneficiary.
As the Discover Your Advantages awareness campaign comes to an end, the GPSSA stressed on the fact that the distribution of shares to beneficiaries is detailed in Article 31 of the law, which clarifies the entitlement and exclusion conditions amongst heirs upon decease of a pensioner, regardless of whether the pensioner was a father or a mother. If any of the entitlement cases are renewed after a period of time, a share will be created from the Authority’s treasury without affecting the shares of other beneficiaries to whom the pension was previously distributed upon the pensioner’s death. As an example, if the daughter of the pensioner was married at the time of her father’s passing, she is not entitled to receive a share in his pension. If however she becomes divorced or widowed after the date of his decease, the law allows that she receives a share from GPSSA’s treasury without affecting the shares of the other beneficiaries.
According to the law, payment of shares to the heirs on the date of the pensioners decease is similar to the original shares distributed. Entitled sisters and brothers receive an equal number of shares as per the pension law.
