Headed by HE Mohamed Al Husseini, GPSSA holds 3rd Board of Directors meeting in 2022
Abu Dhabi, 7 July 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 a Board of Directors meeting yesterday where decisions and recommendations issued by him alongside the Investment Committee, the Higher Committee for Human Resources and Rewards and the Audit Risk Committee were raised, discussed and approved.
The Board reviewed a report submitted by GPSSA’s Director General’s regarding work in three pivotal sectors in the authority – the investment sector, the pension sector and the support services sector, from December 31, 2021.
GPSSA’s statistics for June 2022 indicate an increase in the number of new employers registered with the authority to 7,401 employees compared to 7,011 employees in June 2021, and the overall number of contributors increased to 87,982 compared to 85,857 for the same period last year.
June statistics also indicate an increase in the number of pensioners to 26,481 compared to 24,834 pensioners in 2021, and the number of beneficiaries increased to 18,523 compared to 17,244 last year.
Insurance expenditures for insurers, pensioners and beneficiaries amounted to Dh396,220,825 in June 2022 compared to Dh327,825,020 in June 2021.
