Enhanced Awareness Leads to Better Decisions is a campaign launched by the General Pension and Social Security Authority (GPSSA), a public pension fund based in Abu Dhabi, to raise awareness about the registration and contribution process for insured individuals, also the conditions governing those contributions for employers, according to the social security and pension law. The GPSSA is the UAE-based federal authority mandated to apply pension and retirement benefits for Emiratis (males/females) working in a public or private sector in the UAE or GCC region.
Ibrahim Shukralla, Head of GPSSA’s Government Communications Office, pointed out the efforts taken by the pension authority, to spread awareness and acknowledge the target public, included in the pension law.
“Such awareness campaigns support GPSSA’s intent to keep insured individuals, pensioners, and beneficiaries well-informed on the rights and obligations surrounding the pension law,” he said.
Shukralla stressed, “it is important that employers and employees completely understand the pension and social security law and its provisions to avoid any violations in the future,” WAM reported.
“It is the employers and an insured’s responsibility to familiarise themselves with the provisions of the law and to register and contribute each month as requested.
They need to understand how contributions are calculated, how much is paid each month by themselves and their employers, and the amount to expect once retired and the rules governing the entire process,” he added.
“Familiarising oneself with the provisions of the law helps an insured individual make better decisions that serve their professional and personal journey. The pension law offers direction to insured individuals working in either government or private entities while governing the type of decisions made.”
“Knowing the terms and conditions related to merging or adding previous service periods and understanding rules regarding returning back to work for the pensioner, also plays a huge role in the decision-making process,” he noted.
It was stated that important information will be shared during the campaign. The contribution rate and payment due date for both insured individuals and their employers will be included in the information.
It will also include additional amounts incurred by employers, in case they fail to pay contributions on time. Rules for paying contributions will be described as well, in case an insured takes a vacation or is seconded.
It was notified that customers, users and members of the public can learn more about the campaign through GPSSA’s press releases, the radio and/or television, or by visiting any of GPSSA’s social media pages, where questions raised on the campaign are welcomed and will be responded to.
