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Dubai / WAM
The General Pension and Social Security Authority (GPSSA) announced the pension disbursement dates for this year.
The authority emphasised the fact that pensions will be disbursed on the 27th day of each month, with exceptions to May and June, whose pensions will be disbursed on August 26, where pensions will be disbursed on the 25th of that month.
Friday January 27 is the date for disbursing the first pension payments this year, with an estimated value of AED680,936,212; an evident increase of AED 72,823,711 from January of last year, in which the value of pensions amounted to AED608,112,500.
Additionally, as of January 2023, a total of 45,951 pensioners and beneficiaries are registered with the GPSSA. This number has increased by 3,607 over the same month last year, when the number of beneficiaries reached 42,344.
The pension authority highlighted that announcing the dates for disbursing pensions supports its registered members in managing their financial plans during the year, such as living expenses, payments due, travel and vacation plans, noting that any announcements regarding the disbursement dates will be made on GPSSA’s online and social media platforms.