GPSSA Announces 17,304 Emirati Contributors Under New Federal Pension Law No. (57) of 2023

The General Pension and Social Security Authority (GPSSA) is pleased to announce that 17,304 Emirati citizens have registered as contributors under the new Federal Pension Law No. (57) of 2023.

This landmark legislation, which came into effect earlier this year, represents a significant advancement in the UAE’s ongoing efforts to enhance social security and provide robust pension benefits for its citizens.

The introduction of Federal Pension Law No. (57) of 2023 has been hailed as a major milestone in the UAE's social security landscape. This law, designed to provide comprehensive pension coverage to Emirati employees, has received a strong positive response from the community.

The GPSSA’s latest figures underscore the widespread acceptance and proactive participation of Emiratis in securing their financial future.

Federal Pension Law No. (57) of 2023 introduces several key features aimed at bolstering the pension system in the UAE. Among the highlights are:

* Enhanced Pension Benefits: The law offers improved pension benefits, ensuring that retirees receive adequate financial support.

* Extended Coverage: The law extends pension coverage to a broader segment of the Emirati workforce, including those in new and emerging sectors.

* Flexible Contribution Plans: The new regulations provide flexible contribution plans, allowing employees to choose options that best suit their financial situations.

* Strengthened Social Security Framework: The law strengthens the overall social security framework, providing a safety net for Emirati citizens and their families.

The GPSSA has been actively engaging with the community to raise awareness about the new law and its benefits. Through a series of workshops, seminars and media campaigns, the authority has ensured that Emirati citizens are well-informed and able to make educated decisions regarding their pension contributions.

The GPSSA continues to work tirelessly to ensure the successful implementation of Federal Pension Law No. (57) of 2023. With 17,304 contributors already on board, the authority is optimistic about the future and remains committed to providing exemplary service and support to all Emirati citizens.

As the UAE moves forward, the new pension law stands as a beacon of progress, reflecting the nation’s dedication to enhancing the well-being and financial security of its people. The GPSSA encourages all eligible Emiratis to take advantage of the opportunities provided by this landmark legislation and secure their futures through active participation in the pension system.