The “Pensions Authority” of the “Union”: 6,991 joint employers and 85.6 thousand insured persons

The “Pensions Authority” of the “Union”: 6,991 joint employers and 85.6 thousand insured persons

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The “Pensions Authority” of the “Union”: 6,991 joint employers and 85.6 thousand insured persons

Sami Abdel Raouf (Dubai)

The General Pension and Social Security Authority announced that the total number of joint employers registered with the authority reached 6,991 until last May, while in May of last year it was 6,580 employers, and the number of insured citizens became 85,681 insured until last May, while 86,611 were insured in May last year.
The recent statistical data issued by the authority, which was obtained by the “Union”, showed that the total number of retirees affiliated with the “Pension Authority” and the Ministry of Finance reached 24,132 retirees until last May, instead of 24,538 retirees until May of the year 2020.
The number of beneficiaries affiliated to the same two entities (pensions and financial), reached 17,145 due and owed until last May, an increase from the same month of the year 2020, when the number of beneficiaries was 16,673 male and female citizens.
According to statistics, the authority’s revenues from subscriptions amounted to about 336.2 million dirhams last May, compared to more than 333.6 million dirhams in May of the year 2020.
While the insurance expenditures of those covered by the authority amounted to more than 310 million dirhams last May, which means that there is a significant increase in this aspect compared to the same month last year (2020), in which these expenses amounted to nearly 278 million dirhams, and includes insurance expenditures. 4 types: pensions, social insurance, end of service, and bonuses.
As for the insurance expenses of the Ministry of Finance, it amounted to about 333 million dirhams, last May, with a limited increase compared to May of the year 2020, in which these expenses exceeded 330 million dirhams.
The medical retirement data showed that the number of cases approved by the medical committee and referred to retirement based on health unfitness to work, 20 cases since the beginning of January until last May, compared to a total of 45 cases of retirement due to health unfitness in the year 2020.
The data indicated that the number of cases of eligible heirs of the pensioner amounted to 18 cases since the beginning of this year until the end of last May, while the number reached 77 eligible heirs and heirs during the year 2020.
The authority emphasized that the pension system seeks to establish a culture of solidarity by expanding the scope of insurance coverage so that the umbrella of coverage extends to all groups that depended on the insured or the pensioner during his life, and on the other hand urged the insured to reach the period eligible for retirement pension entitlement. Continuing to work for the longest possible opportunity to increase his pension rate upon retirement, which will positively affect his future and the future of the family upon retirement or after his death, God forbid.
He pointed out that the social solidarity that characterizes retirement systems in the state embodies the government’s keenness to achieve social prosperity for all citizens and their families, and preserving these gains is a joint responsibility between the authority, employers and the insured, each according to his responsibilities.
She pointed out that the umbrella of social insurance coverage extends to the family of the insured or the pensioner after his death, which embodies the principle of solidarity that characterizes the social insurance system in the state, which derives its legislative reference from the text of Article 14 of the Constitution, which affirms that “equality Social justice, security, tranquility, and equal opportunities for all citizens are among the pillars of society, and solidarity and compassion are a strong link between them.
The Authority stated that the disbursed expenses include pensions, end-of-service benefits, and compensations paid to civilians subject to the provisions of the Pensions and Social Security Law No. (7) of 1999, as well as civilians and military personnel of the Ministry of Finance.