GPSSA Raises Awareness On Pension And Insurance Benefits For Emiratis In April Campaign

The General Pension and Social Security Authority (GPSSA) is emphasising the significance of pension and insurance coverage this April. This initiative is part of their ongoing monthly campaigns to raise awareness about federal pension and social security laws. Insured Emiratis with GPSSA are assured a steady monthly income if they encounter work-related risks, whether due to natural events like retirement or unnatural ones such as disability.

Dr. Maysa Rashed Ghadeer, who leads the Government Communications Office, highlighted their commitment to providing essential content that informs the public about making informed decisions regarding social security and insurance benefits. "This year, we launched the 'Topic of the Month' initiative, which focuses on a specific insurance topic each month and raises awareness about it through research, study and enriching public interest dialogue via GPSSA's social media platforms, with information constantly being posted on social security and pension," said Dr. Ghadeer.

April's campaign sheds light on three main areas: comparing retirement pensions with end-of-service gratuities, viewing pension contributions as long-term investments, and ensuring employment years merge seamlessly when applying for pensions. It also offers legal insights into pension eligibility and calculation methods to ensure families' financial stability.

GPSSA clarified that retirement pensions differ from end-of-service gratuities in both purpose and payment method. Pensions allow for merging employment years and continue to be paid to eligible insured individuals or their heirs. Payments might be paused if beneficiary status changes but can resume later.

The end-of-service gratuity is a one-time payment given at the conclusion of an employee's service period if they haven't met the criteria for pension entitlement after completing the required service years. This distinction is crucial for understanding how financial benefits are structured upon ending employment.

This campaign aims to educate on how pensions provide ongoing support compared to a single gratuity payment. By focusing on these topics, GPSSA seeks to enhance public understanding of how pensions can serve as a stable financial resource over time.

Through these efforts, GPSSA continues its mission to inform citizens about the importance of securing their future through well-informed decisions regarding pensions and social security benefits.

With inputs from WAM