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H.E. Mubarak Rashed Al Mansoori chairs GPSSA’s 5th Board of Directors meeting for 2024


Abu Dhabi, 29th June 2024: H.E. Mubarak Rashed Al Mansoori, Chairman of the Board of Directors at the General Pension and Social Security Authority (GPSSA) chaired the 5th council meeting on Thursday 27th June 2024.


The meeting commenced with His Excellency welcoming their Excellencies and Council members, and proceeded to discuss and approve the minutes of meeting of the previous agenda regarding the two meetings, namely meetings number three and four, as well as signed a written decision by means of a council vote regarding meeting number five for 2024.


GPSSA’s management schedule concerning recommendations issued by the Council was also approved with emphasis on the Investment Committee, the Audit and Risk Committee as well as the Supreme Committee for Human Resources and Remuneration.


GPSSA’s final accounts for the year 2023 were also reviewed and approved by the Council, as well as the May 2024 financial report. Other pivotal topics highlighted included the developments of the digital transformation project and the inclusion of part-time employees as per the provisions in the federal pension law, as well as performance results for GPSSA’s employees during 2023.  Additionally, the investment performance report until May 2023 was revised and appropriate decisions were taken regarding other topics on the agenda.


According to GPSSA’s statistics,  May 2024 shows that the number of contributors reached 130,678 compared to 101,045 in May of last year, and the number of employers registered with the Authority reached 16,526 compared to 12,246 in May of last year 2023.


The number of pensioners in May 2024 reached 20,588 in comparison to 19,548 in May 2023, and the number of beneficiaries reached 8,311 compared to 8,368 for the same month last year, while insurance expenses in May of this year reached AED 442,803,611 compared to 412,665,774 for the same month last year.