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Pension payments for March 2024 to be disbursed tomorrow, announces the GPSSA

Last Updated 26/08/2024 08:33
Pension payments for March 2024 to be disbursed tomorrow, announces the GPSSA

Abu Dhabi, 26th March 2024:   The General Pension and Social Security Authority (GPSSA) announced that a total of Dh766,457,286.56 worth pension payments will be disbursed on Wednesday 27th March 2024, an increase of Dh76,680,386 in comparison to the same month last year, in which the value of pensions amounted to Dh689,776,900.32.


There are 47,940 eligible customers due to receive the amount tomorrow, with an evident increase of 1,525 customers in comparison to March of last year, in which the number of pensioners and beneficiaries reached 46,415. 


Expenses are disbursed to Emiratis subject to Federal Pension Law No. (7) of 1999 for Pension and Social Security and its amendments, as well as to eligible Emiratis whose files are managed by the GPSSA on behalf of the Ministry of Finance, and in accordance to the pension law by which they belong.
 

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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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