AED 375.00
Human Resource Products
Definition
The Pension and GPSSA Policy was introduced in the year 1999 within the UAE
via the establishment of GPSSA under Federal Law No. 6 of 1999 to provide pensions & Social security to the citizens of the UAE. GPSSA is entrusted with providing pension related services to citizens employed in federal government entities and private sector across all the emirates. The Social Security cover is offered for all working Emiratis against old age and disability / death due to work-related injury.
Scope and Applicability
The Pension and GPSSA Policy defines when was GPSSA established and how the pensions are calculated. The Pension and GPSSA Policy also defines the role of GPSSA within the UAE. Only UAE national employees who hold a ‘family book’ are entitled to be enrolled in the GPSSA pension scheme and are therefore not entitled to receive end of service gratuity
Objective
The Objective of Pension and GPSSA Policy is to ensure that the eligible employee/s are extended with the General Pensions within the organization. The Pension and GPSSA Policy aims to communicate with employee/s regarding the Pension scheme of organization that is aligned with the UAE’s General Pension and Social Security Authority.
The Pension and GPSSA Policy of the UAE serve as a social security thread for Emirati nationals working in private and public sector organizations.
The aim of Pension and GPSSA Policy is to ensure the commitment of organization towards the social security of Emirati nationals working in public or private sector.