ABU DHABI, 3rd November, 2022 (WAM) -- Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs and Chairman of the Board of Directors of the General Pension and Social Security Authority (GPSSA), chaired the 6th board meeting on Wednesday and reviewed decisions and suggestions.

The board reviewed and approved the financial statements for the second quarter of 2022, discussed GPSSA’s draft annual budget for 2023, and approved it in preparation for submitting to the cabinet for approval.

They also reviewed the developments of the digital transformation programme, discussed other topics on its agenda and took appropriate decisions.

GPSSA’s statistics for October 2022 indicate an increase in the number of employers registered with the Authority to 8,080 compared to 7,149 employers in October 2021. The number of contributors increased to 89,496 compared to 86,799 for the same period last year.

According to October 2022 statistics, the number of pensioners affiliated with the Authority reached 18,888 compared to 17,236 in October 2021, and the number of beneficiaries reached 8,489 compared to 8,081 last year.

Insurance expenditures for insured individuals, pensioners and beneficiaries with the GPSSA amounted to AED389,318,943 in October 2022 compared to AED390,580,332 in October 2021.