Latest news with #GeneralPensionandSocialSecurityAuthority
Gulf Today
5 days ago
- Business
- Gulf Today
UAE authority waives penalties for small private sector employers
The General Pension and Social Security Authority (GPSSA) has launched an initiative to exempt small private sector employers, subject to federal pension laws, from additional charges incurred due to delays in registering insured employees or reporting terminated employee cases within legal deadlines. The initiative aims to strengthen the financial position of these companies, enabling them to reinvest in their operations, expand their businesses, and contribute more effectively to the GDP, GPSSA said. Mubarak Rashid Al Mansouri, Chairman of GPSSA, stated: 'The initiative embodies our ongoing commitment to fostering a supportive investment environment aligned with the UAE's vision to enhance economic growth and entrepreneurship. It also encourages private sector companies to prioritise Emiratisation as a core part of their strategies, helping them attract and retain Emirati talents. Additionally, it provides social security and financial stability for Emirati employees in the private sector.' Firas Abdul Karim Al Ramahi, Director General of GPSSA, emphasised that the initiative reflects the authority's approach to empowering the business sector, the backbone of the national economy, while alleviating financial burdens on small companies. The initiative allegedly targets approximately 1,906 private sector employers with 4 or fewer insured Emirati employees, ensuring support reaches the most needy and impactful segment. The exemption is said to cover additional charges accrued from January 2024 to April 2025 while charges outside this period will be handled flexibly on a case-by-case basis, considering individual circumstances. The authority affirmed that eligible small business owners will be directly notified of the exemption, in line with the 'Zero Government Bureaucracy programme, requiring no action on their part.
Dubai Eye
5 days ago
- Business
- Dubai Eye
UAE pension authority announces penalty waivers for small private firms
The General Pension and Social Security Authority (GPSSA) has introduced an initiative to waive penalties for small private firms over delays in registering employees or processing end-of-service benefits. Making the announcement, the authority said it will target approximately 1,906 firms that have no more than four Emirati nationals in its workforce. The waiver will cover fines incurred between January 1, 2024, and April 30, 2025, the authority said, adding that any additional payments outside this period will be reviewed on a case-by-case basis. The initiative is part of the 'Zero Government Bureaucracy' programme that aims to support small businesses improve financial stability, reinvest in their growth and make a greater impact on the national economy. The waiver also specifically aims to strengthen Emiratisation efforts within the private sector. By easing financial pressures on small businesses and enabling local talent, it enhances their ability to attract and retain Emirati nationals as a part of its workforce. The GPSSA said eligible small businesses will be contacted directly, adding that those that do not receive a direct notification will not be included in the initiative. According to the UAE pension law, both employers and employees must register and contribute on time.
Hi Dubai
5 days ago
- Business
- Hi Dubai
GPSSA Exempts Small UAE Businesses from Penalties to Boost Economic Growth
The General Pension and Social Security Authority (GPSSA) has announced a new initiative exempting small private sector employers from financial penalties related to delayed registration of insured Emirati employees or missed end-of-service processing, aiming to ease burdens and fuel economic growth. This measure targets 1,906 small businesses with four or fewer Emirati employees, offering relief from additional amounts incurred between January 1, 2024, and April 30, 2025. GPSSA will review any obligations outside this window on a case-by-case basis. The initiative is part of broader efforts to support small enterprises, which GPSSA recognizes as central to job creation, innovation, and economic diversification in the UAE. By lightening financial loads, these businesses are better positioned to reinvest, grow, and contribute to national GDP. Crucially, the waiver supports Emiratisation by enabling small firms to attract and retain UAE nationals without the added pressure of compliance-related penalties. Faras Abdul Karim Al Ramahi, Director-General of GPSSA, said the move reflects the authority's alignment with the country's leadership vision of cutting red tape and fostering a business-friendly environment. 'This initiative aims to create a supportive environment for small businesses, enabling them to focus on growth and success,' he noted. Eligible businesses will be contacted directly by GPSSA and need take no action, as the initiative is rolled out under the 'Zero Government Bureaucracy' programme. GPSSA reaffirmed its commitment to helping small businesses remain compliant by providing guidance on pension and insurance obligations, protecting the rights of both employers and employees. News Source: Emirates News Agency
Gulf Today
23-05-2025
- Business
- Gulf Today
Pension payments for May to be disbursed Tuesday: GPSSA
The General Pension and Social Security Authority (GPSSA) announced that a total of Dhs831,363,259.82 worth of pension payments will be disbursed on Tuesday 27th May 2025, an increase of Dhs52,814,510 from May 2024, when pension payments totalled Dhs778,548,749.06. The payments will benefit a total of 49,910 pensioners and beneficiaries, an increase of 1,760 from the 48,150 who received disbursements in May 2024. Pension payments are disbursed to civilians subject to the laws implemented by the GPSSA as well as to eligible pensioners and beneficiaries whose files are managed by the GPSSA on behalf of the Ministry of Finance and in accordance with the pension laws by which they are subject to. WAM
Hi Dubai
07-05-2025
- Health
- Hi Dubai
GPSSA Launches Medical Retirement Awareness Campaign in May
The General Pension and Social Security Authority (GPSSA) has launched a month-long awareness campaign in May to educate Emiratis on the rules and entitlements surrounding medical retirement, also known as unfitness to work. This initiative is part of GPSSA's ongoing "Topic of the Month" series aimed at clarifying key aspects of the federal pension system. The campaign responds to a rising number of public inquiries on social media regarding medical retirement. It focuses on eligibility criteria, qualifying medical conditions and injuries, and the procedures involved in applying for medical retirement through the GPSSA's Ma'ashi platform under the "Work Fitness Assessment" service. Medical retirement applies to individuals deemed unable to work due to serious health conditions or injuries sustained either at work or en route to their workplace. When certified by the competent medical committee, such cases are covered under Federal Law No. 7 of 1999 on Pension and Social Security and its amendments. Dr. Maysa Rashed Ghadeer, Head of the Government Communication Office at the GPSSA, emphasized the importance of public awareness in making informed career and retirement decisions. 'Understanding the rights and benefits of social security is essential to ensuring long-term financial and social stability for Emiratis,' she said. The initiative targets over 154,000 insured individuals, 21,000 pensioners, and nearly 20,000 employers under the federal pension system. The GPSSA aims to ensure that citizens are well-informed about their entitlements, particularly when faced with unforeseen medical challenges that could affect their ability to work. Medical retirement, when verified, enables eligible individuals to retire before the standard age with financial support, offering protection and dignity to those unable to continue their employment due to health-related issues. News Source: Emirates News Agency
