GPSSA’s board of directors approves draft annual budget for 2023
Headed by H.E. Mohamed bin Hadi Al Hussaini
GPSSA’s board of directors approves draft annual budget for 2023
Abu Dhabi, 3rd November 2022: His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs and Chairman of the Board of Directors of the General Pension and Social Security Authority (GPSSA) chaired the 6th board meeting yesterday, Wednesday, 2nd November 2022, where decisions and suggestions were reviewed in the minutes of meeting and follow-up schedule for previous meetings.
The board reviewed and approved the financial statements for the second quarter of 2022, discussed GPSSA’s draft annual budget for 2023 and approved it in preparation for submitting it to the cabinet for approval. It also reviewed the developments of the digital transformation program, discussed other topics on its agenda and took appropriate decisions.
It is worth noting that GPSSA’s statistics for the month of October 2022 indicates an increase in the number of employers registered with the Authority to 8,080 compared to 7,149 employers in October of 2021, and the number of contributors increased to 89,496 compared to 86,799 for the same period last year.
According to October 2022 statistics, the number of pensioners affiliated with the Authority reached 18,888 pensioners compared to 17,236 in October 2021 and the number of beneficiaries reached 8,489 compared to 8,081 for the same period last year.
Insurance expenditures for insured individuals, pensioners and beneficiaries with the GPSSA amounted to Dh389,318,943 in October 2022 compared to Dh390,580,332 in October 2021.
