Dhs760m worth pension payments to be disbursed on Tuesday, announces GPSSA

Gulf Today, Staff Reporter

A total of Dhs760,789,820.34 worth pension payments for the month of February are due to be disbursed on Tuesday, announced the General Pension and Social Security Authority (GPSSA).

An evident increase of Dhs78,876,646 has been noted in comparison to the same pension amount disbursed last year, which totalled to Dhs681,913,174.71.

There are 47,724 eligible Emiratis due to receive this month’s pension amount, indicating an evident increase of 1,780 registered members in comparison to the same month last year, during which the number of eligible members was 45,944.

These expenses are being disbursed to Emiratis who are subject to Federal Law No. (7) of 1999 for Pension and Social Security and its amendments, as well as to eligible beneficiaries whose files are managed by the GPSSA, on behalf of the Ministry of Finance and in accordance to the pension law in which they are subject to.