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GPSSA launches the ‘Plan – Save - Invest’ proactive financial planning campaign

Last Updated 27/01/2025 15:56
GPSSA launches the ‘Plan – Save - Invest’ proactive financial planning campaign

Abu Dhabi, 6th August 2024: As part of its ‘Proactive Financial Planning’ project, the General Pension and Social Security Authority (GPSSA) has announced the launch of a new media campaign under the slogan ‘Plan – Save - Invest’ which aims to raise awareness on the proactive financial planning advanced system.
 
 
 The initiative was introduced to achieve the goals of the UAE governments transformative journey as part of the ‘We the UAE 2031’ and is considered the 4th transformational project during the second cycle announced by the government in July of 2023, with an intent to turn the UAE society into one of the most prosperous countries within the next ten years, correlating with GPSSA’s strategic mission to elevate financial awareness amongst participants in order to help turn them from being financially dependent to “self-reliant”.
 
 
 During the campaign’s duration, the GPSSA plans to raise the financial literacy rate by up to 60% through offering awareness campaigns, training programs and workshops to more than 10,000 insured Emiratis regarding the principals of proactive financial planning by focusing on the importance of early savings and investments without having to rely on pension. The campaign will reach out 130,678 contributors, in addition to the 29,600 pensioners and 18,550 beneficiaries who are all registered with the GPSSA, as well as share valuable financial advice to members of the public covered by other pension funds. 
 Speaking about the significant initiative, Dr. Maysa Rashed Ghadeer, Head of GPSSA’s Government Communications Office said: “The GPSSA enjoys a close collaboration with a number of its strategic partners, with whom we look forward to achieving the goals of the transformational project, which we are confident will bring about a change in the lives of individuals on the short and long term. These projects have been introduced as a result of supporting the UAE’s efforts to empower its citizens and provide them with a decent lifestyle by introducing tools that help improve the quality of their lives, while achieving prosperity and happiness for the UAE community and enhancing its competitiveness at the global level, which is achieved through the efforts of members of society and employees in their entities.” 
 
 
 Dr. Maysa further added, "From this standpoint, the Government Communications Office at the General Pension and Social Security Authority (GPSSA) is responsible in raising awareness regarding the transformational project and its importance in the lives of eligible individuals who are covered by pension laws, and who are encouraged to take part in the consultations, awareness courses and workshops that are due to be delivered by the Abu Dhabi Global Market Academy, a body specialized in transferring financial literacy on topics such as savings, investments and proactive financial planning. We hope that all those targeted will follow the campaign to ensure the achievement of its objectives.” 
 
 
 The GPSSA calls on different stakeholders and members of the public to follow the campaign through newspapers, social media channels, radio and television interventions, workshops, meetings and community events, and invites them to get in touch with the GPSSA through any of its media channels to inquire about the campaign and its topics.

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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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