Private sector entities are GPSSA’s partners in the success of the insurance work system
•All employers in the private sector in the UAE are required to register with the GPSSA, with exception to Abu Dhabi
•Employers are obligated to register their UAE national employees within 30 days from the date of his/her joining the company
•The maximum period to pay contributions is during the middle of the month following registration
Abu Dhabi, 21st November 2022: The General Pension and Social Security Authority (GPSSA) said that employers in the private sector play a pivotal role in the success of the insurance work system at the authority’s level, since GPSSA’s statistics for October 2022 reveal that the number of contributors working in the private sector who are registered with the GPSSA increased to 21,868 across 7,874 private sector entities. This does not include the 93 federal entities and 266 government entities registered.
The GPSSA stressed on the fact that all employers in the private sector across the UAE are mandated to register with exception to companies with headquarters in Abu Dhabi. The moment an Emirati joins an entity, that same entity must ensure they register him/her with the GPSSA and that they start contributing on monthly basis on behalf of their employee in accordance to the provisions of Federal Law No. 7 of 1999 for Pension and Social Security and its amendments.
Entities must register their Emirati employees within 30 days from his/her date of joining, and contributions must be paid before the middle of the month following the month during which the employee has joined the company in order to avoid paying any fines that may arise as a result of a delay in contribution payments which are applied without notice or warning.
The GPSSA calls out on all employers to ensure their human resources employees are literate regarding the pension law in order to avoid paying additional sums that may occur due to lack of awareness regarding the UAE’s pension law.
Additionally, the UAE Pension Authority welcomes employers to come forward and request an awareness workshop to better understand the pension law, as well as the useful types of services offered to all its stakeholders and members through GPSSA’s website.
Data released for October 2022 indicates that the number of insured individuals registered in the federal sector has reached 34,740 while the number of insured contributors in the government sector is 29,828. There are 21,868 contributors in the private sector, out of which 6,671 are males and 15,197 females.
GPSSA’s data also reveals that the number of services provided during the month of October 2022 reached 4,119 electronic services, while 1,282 customer visits to GPSSA’s service centers were recorded in addition to 9,303 calls received via GPSSA’s call center.
During the same month, GPSSA disbursed 783 end-of-service benefits and compensation, as well as completed 113 requests to merge employment services and 31 requests to purchase a nominal service period during the same month.
