UAE pension authority GPSSA says August pension will be disbursed on 25th

economictimes.indiatimes.com:

General Pension and Social Security Authority (GPSSA) of the UAE has announced that pension for August 2023 will be disbursed on 25th August for beneficiaries and pensioners. For the month of July, GPSSA disbursed pension of AED 711,323,784, an increase of 8.1% compared to the same month last year, which was AED 657,587,929 in total.

The amount was paid to over 45,000 retired pensioners and beneficiaries for the month of July. «When the insured maintains a continuous employment period for as long as possible, this helps to improve the pension benefits and increases GPSSA’s resources, which are divested optimally to provide the best insurance benefits for all insured upon retirement,» the pension authority said, emphasizing that pensions remain the main objective of social security, as it provides regular income to the insured and their families.

The Authority also noted that there is a shared responsibility between GPSSA and insured individuals when it comes to achieving the social insurance system's objectives. “Basmat Wafa” project As part of the initiatives to support retired pensioners and beneficiaries, GPSSA recently launched Basmat Wafa" project, to help retirees and their families benefit from the rewards and discounts available through the application.

«Basmat Wafa is a result of partnerships signed between the Authority and various strategic partners in the UAE with the aim of providing support in consumer services and healthcare, especially for retirees who contributed to the economic development of the nation throughout the years of employment,» the pension authority said in a statement. In order to access the available discounts and offers, pensioners and their family members must log onto the “Basmat Wafa”