GPSSA Board Approves Final Budget For 2024 And Discusses Investment Strategies

The General Pension and Social Security Authority (GPSSA) held its third board meeting on June 25, 2025. Mubarak Rashed Al Mansoori, the Chairman, led the session with board members and subsidiary committees present. The meeting commenced with a welcome address followed by discussions on the agenda, approval of previous minutes, and review of leadership decisions.

During the meeting, GPSSA's investment strategy and the final budget for 2024 were discussed. These were previously recommended and approved by the Council of Ministers. The board also reviewed the financial performance report for April 2025. Developments in GPSSA’s Ma’ashi digital platform were highlighted alongside other agenda items requiring decisions.

GPSSA's statistics for May 2025 show significant growth. Contributors increased to 157,979 from 130,678 in May last year, marking a rise of 27,301 contributors. Employers registered with GPSSA rose to 20,288 compared to 16,526 last year, an increase of 3,762 employers.

The number of pensioners in May 2025 reached 21,417 compared to 20,516 in the same period last year. Beneficiaries increased slightly to 8,408 from 8,314 last year. The value of pensions disbursed in May 2025 was AED478,686,572.69 compared to AED451,262,595.96 last year, showing an increase of AED27,423,977.

Committee Reviews

The meeting also involved reviewing decisions made by subsidiary committees such as the Higher Committee for Human Resources and Remuneration, Investment Committee, Audit and Risk Committee, and Development and Improvement Committee. These reviews are crucial for ensuring alignment with GPSSA’s strategic goals.

The board's discussions reflect ongoing efforts to enhance GPSSA's operations and services. By approving strategies and reviewing performance reports regularly, they aim to ensure effective management of resources and continued growth in contributors and beneficiaries.

With inputs from WAM