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GPSSA: Dh646 million retirement pensions to be disbursed Friday

Last Updated 26/08/2024 08:45
GPSSA: Dh646 million retirement pensions to be disbursed Friday

Abu Dhabi, 26th May 2022:  The General Pension and Social Security Authority (GPSSA) announced on Thursday that pensions for May are due to be disbursed tomorrow. 


This month’s pensions amount to Dh646,085,610.82, which is an increase of Dh59,468,297.02 in comparison to May 2021, during which the value of pensions amounted to Dh586,617,313.80, the UAE pension authority explained.


GPSSA explained that the number of individuals entitled to a pension in May 2022 is 44,794, compared to 41,277 in May 2021.


These expenses cover Emirati nationals who are subject to the provisions of the Pensions and Social Security Law No. (7) of the year 1999, as well as citizens and military personnel whose files are managed by the GPSSA on behalf of the UAE Ministry of Finance in accordance with the pension law by which they are subject to.
 

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Frequently Asked Questions

What periods may the Insured merge?

• Previous service periods with any employer subject to the provisions of the Federal Decree-Law

•Previous service period prior to acquiring the UAE nationality

•Previous service periods in any entity determined by the Cabinet

What are the conditions for an insured’s registration with the GPSSA?

• The individual must be a United Arab Emirates national

• The individual must be between the ages of 18 to 60

• The individual must be medically fit to work upon appointment, as evidenced by an approved medical report

• He/she must work for an employer subject to the provisions of the law applied by the GPSSA

If a pensioner from the GPSSA returns to work, and their pension disbursement was suspended because their salary was greater than the pension amount, and they contribute again under the provisions of the law, how will their service be settled in the future if they leave work?

· If they become entitled to a pension for their subsequent service period, they shall be disbursed the larger of the two pensions, whether it's the one they are entitled to for their previous service period or for their subsequent service period

· If they become entitled to a gratuity for their subsequent service period, the gratuity shall be disbursed to them, and the suspended pension shall be reinstated for disbursement

If an employer paid excess amounts to the GPSSA, is there a specific period within which they have the right to claim them back?

Yes, the employer may reclaim any amounts they paid to the GPSSA that exceed the required contributions, but under condition that they claim them within two years from the date of payment.

Is there a mechanism that the Insured, Pensioner, Beneficiary, or any interested party must follow to claim their rights and have reconsidered before resorting to litigation?

Before a rights holder can go to court, they must first appeal the pension or gratuity decision to the Insurance Appeals Committee formed by the Board of Directors, and this must be done within five years of becoming entitled to the pension or end-of-service payment. This means the committee must be petitioned before taking legal action against the employer, and the appeal has a five-year deadline. 

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