Announcement to come a week before tech giant reports its earnings for final three months of last year
The UAE’s General Pension and Social Security Authority (GPSSA) has announced the pension disbursement dates for this year. Pensions will be disbursed on the 27th of every month, except three. In May and June this year, the pensions will be given out on the 26th, while for August, the date is 25th.
Friday, January 27, is the date for handing out the first pension payments this year. The estimated value is Dh680.93 million — an increase of Dh72.82 million as compared to January 2022.
As of January 2023, a total of 45,951 pensioners and beneficiaries are registered with the GPSSA — an increase of 3,607 over the same month last year.
The pension authority said announcing the dates supports registered members in managing their financial plans during the year. These include living expenses, payments, travel and vacation plans, among others.
ALSO READ:
Announcement to come a week before tech giant reports its earnings for final three months of last year
By the end of this year, companies with 50 skilled employees or more are required to have 4 per cent Emiratis on their workforce
Experts say the labour market is now facing the situation of an increasing number of vacancies and a shortage of suitable candidates
Healthcare firms say that they are focused on hiring females in a bid to empower Emirati women by integrating them into the country’s seminal workforce
Other conditions include payment of all premiums on time, not being unemployed for disciplinary reasons
Top official explains if exempted categories like freezone employees or domestic workers can sign up for unemployment protection scheme
Shortage of jobseekers, skilled labour in the market has led to employees demanding larger amounts as opposed to a year ago
MoHRE explains requirements, says it has already penalised companies Dh72,000 for each Emirati not appointed in 2022