The Normal Pension and Social Safety Authority (GPSSA) held its sixth assembly of the Board of Administrators on Tuesday underneath the chairmanship of Mubarak Rashed Al Mansoori, Chairman of the Authority’s Board of Administrators.
Through the assembly, councilors proceeded to debate the agenda, approving the minutes of the earlier assembly and administration’s follow-up agenda concerning strategies and proposals.
The committee adopted and finalized choices referring to the Supreme Human Assets and Remuneration Committee, the Funding Committee and the Inside Audit and Threat Committee, and authorised the annual accounts for the primary and second quarters of 2023.
The board members reviewed the funding efficiency stories by way of 2023, GPSSA’s abstract of enterprise efficiency for the primary half of 2023 and different objects on the agenda and made applicable choices on every.
Based on the most recent statistics, there are 111,735 insured members registered with the GPSSA as of August 2023, in comparison with 89,329 in the identical month final yr. In distinction, the variety of employers/entities elevated to 11,865, in comparison with 7,612 in August 2022.
There are 19,685 pensioners registered in August 2023, in comparison with 18,752 final yr, whereas the variety of beneficiaries reached 8,458, in comparison with 8,499 in the identical month final yr.
The worth of insurance coverage prices as of August 2023 was AED415,268,101, in comparison with AED455,467,005 for a similar month final yr.
Comply with Emirates 24|7 on Google Information.
