GPSSA’s Shourak program provides a hassle-free process for insured Emiratis who plan to change entities and merge their employment years
Abu Dhabi, 3rd May 2023 – The Shourak program, which was launched earlier this month, represents the first transformational projects for the General Pension and Social Security Authority (GPSSA), which comes within the 2022 performance agreements for federal authorities, signed in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai
Mohamed Saqer Al Hammadi, Pension Operations Department Head at the GPSSA, explained that the program comes in line with numerous requests received by insured individuals to make sure their employment periods are merged, without having to incur any additional costs, which prior to Shourak being introduced, was calculated as follows: contribution account salary amount on the date of submitting the request to merge services, multiplied by 20 per cent, multiplied by the period of service to be joined in months.
Shourak supports in solidifying the government's ability to adopt to new ideas and programs through offering flexible and innovative human-enabling policies that contribute to raising competitiveness, talent, capabilities and exchange of experiences across the entire business eco-system, especially in light of the major transformations taking place in the UAE’s business sector.
Emiratis covered by GPSSA’s retirement scheme and who are employed in government and private sectors in most parts of the UAE benefit from Shourak; however, this “does not” apply to or cover insured individuals in other pension funds as a result of moving entities despite being regulated by the provisions of the UAE Federal Pension Law. Said that, it is up to the human resources regulations in both previous and subsequent entities to agree to merge
the insured’s end-of-service gratuity, however the “new” employer/entity in which the insured is transferred to bears the differences in cost as a result of that merge, if any.
The actual implementation of the Shourak project takes effect starting July 1st 2023 onwards for insured individuals who chose to transfer their end-of-service benefits to a new employer/entity.
