Articles

Abu Dhabi, 12^th November 2024: Following a decision taken by the Board of Directors at the General Pension and Social Security Authority (GPSSA), a circular has been sent to exempt employers in the federal, government and private sectors from incurring fines due to late contribution payments due for the months of October and November 2024.

The decision was released as appreciation to the support received by GPSSA’s strategic partners during the launch of an important transformational project – the Ma’ashi platform – which consists of new and updated digital services and features for stakeholders.

According to Article No. (13) in the Federal Law No. (7) of 1999 regarding pension and social security, in addition to Article No. (12) in Federal Law No. (57) of 2023 regarding pension and social security, contribution payments are due on the 1^st day of each month and may be extended until the 15^th day of that month. Accordingly, the exemption period for employers to contribute payments for their employees has been extended to the 15th of December 2024. As a result, employers are requested to complete their contribution transfers on the Ma’ashi platform in a timely manner, without having to incur financial consequences.

This decision has been taken to lessen pressure on employers by extending the contribution payment deadline. After delivering various English and Arabic speaking workshops, which are still ongoing, regarding the Ma’ashi platform, employers are requested to ensure employee data and salary details are up-to-date and articulate.