GPSSA Board approves final budget for 2024

June 25, 2025 / 9:32 PM

Sharjah 24 – WAM: Mubarak Rashed Al Mansoori, Chairman of the Board of Directors of the General Pension and Social Security Authority (GPSSA), chaired the third board meeting on Wednesday, June 25, 2025, in the presence of members of the board and subsidiary committees.

Meeting agenda and committee reviews

Al Mansoori began the meeting by welcoming members of the board who then proceeded to discuss the meeting agenda, approve the minutes of the previous meeting, and review GPSSA’s leadership decisions and recommendations. The board also considered inputs from the subsidiary committees, namely: the Higher Committee for Human Resources and Remuneration, the Investment Committee, the Audit and Risk Committee, and the Development and Improvement Committee.

Investment strategy and budget approval

The GPSSA discussed and approved the investment sector’s strategy and the final budget for 2024, as recommended and approved by the Council of Ministers. The board also reviewed the financial performance report for April 2025 and developments related to GPSSA’s Ma’ashi digital platform, along with other agenda items requiring decisions.

Key statistical updates for May 2025

GPSSA’s statistics for May 2025 show a notable increase in activity. The number of contributors rose to 157,979 from 130,678 in May of the previous year, an increase of 27,301 contributors. The number of registered employers increased to 20,288 compared to 16,526 last year, reflecting a growth of 3,762 employers.

Rise in pensioners and disbursed pensions

The number of pensioners grew to 21,417 in May 2025, compared to 20,516 in the same period last year. Beneficiaries increased to 8,408 from 8,314. The value of pensions disbursed in May 2025 amounted to AED 478,686,572.69, up from AED 451,262,595.96 last year — an increase of AED 27,423,977.