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GPSSA’s Board of Directors holds second meeting in 2022

Last Updated 26/08/2024 08:45
GPSSA’s Board of Directors holds second meeting in 2022

Headed by H.E. Mohamed Bin Hadi Al Hussaini


Abu Dhabi, 18 May 2022:  His Excellency Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs and Chairman of the Board of Directors for the General Pension and Social Security Authority (GPSSA), chaired a Board meeting yesterday.


The Board discussed the agenda for the day and approved the minutes of the previous meeting, as well as reviewed the measures taken by GPSSA’s management regarding implementation of decisions, suggestions and recommendations. The Director General’s report on the work of the three main sectors in the pension authority - the investment, pension and the support services sectors were also discussed and reviewed.


In April 2022, GPSSA has witnessed an increase in the number of employers registered, who have now reached 7,405 compared to 6,954 in April of 2021, and a surge in the number of contributors who now total to 87,665 compared to 85,736 for the same period last year.


Statistics also show an increase in the number of pensioners to 26,381 compared to 25,023 in April 2021. The number of beneficiaries rose to 18,311 in April 2022 compared to 17,047 in April 2021.


The insurance expenditures for the insured, pensioners and beneficiaries with GPSSA, totaled to Dh368,041,628 in April 2022, compared to Dh320,481,800 for the same period in 2021.
 

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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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