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Posted inPolitics & Economics, Latest News, UAE

UAE Pension Authority reports rise in payouts, beneficiary numbers for June 2023

A total of AED782,578,834.21 was paid out to 48,335 UAE pensioners and beneficiaries last month

by Staff Writer
UAE GPSSA
According to an announcement by the GPSSA, there was an increase of 1,766 pensioners and beneficiaries in June 2024. Image: Shutterstock

The UAE General Pension and Social Security Authority (GPSSA) reported higher pension disbursements this June compared to the same month last year.

According to an announcement by the GPSSA, June 2024 saw an increase of 1,766 pensioners and beneficiaries, with an additional amount of AED78,471,657 worth of pension payments.

This is an increase from June 2023 when AED704,107,177.30 was distributed among 46,569 recipients.

“These expenses include civilians subject to Federal Law No.7 of 1999 for Pension and Social Security and its amendments, as well as eligible customers (pensioners and beneficiaries) whose files are managed by the GPSSA on behalf of the Ministry of Finance and in accordance with the pension law to which they are subject,” WAM said in a statement.

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