260 DUBAL staff attend GPSSA seminar on social security

260 DUBAL UAE national employees attended the seminar.

H.E. Abdul Rahman Al Baqer, Deputy General Manager of the GPSSA said: "The main purpose of the seminar is to provide UAE nationals working for DUBAL with a clear understanding of the various aspects of GPSSA and the Federal Law for pensions and social security." " This seminar is part of a series of seminars we are presenting to companies with UAE nationals employees," he added.

Speaking before an audience of 260 nationals, Mr. Al Baqer said: "We have come a long way since 1999, when the law successfully devised a system that provides social security benefits to UAE nationals working for the private and public sectors in the UAE. In addition to securing a stable financial future for the GPASSA members and their families, it also yields a positive impact on their professional performance and social well-being."

Inquiries from an interested audience were noted and in depth explanations of the law were given to add clarity. The safeguarding of the contributor's funds is a key practice of the GPSSA, utilising modern methods of risk analysis in order to provide the safest alternatives for investment, in line with policies designed by the lawmakers that are strictly followed by the GPSSA. International Actuarial systems are constantly monitored in order to keep the UAE abreast of the latest developments in the social security industry and reassure contributors of the GPSSA's interest in guaranteeing the financial security of all UAE nationals, whether resident in the UAE or not.

Mr. Al Baqer presented to the audience the Pensions Law focusing on the many benefits it brings the members of the GPSSA and their families. The UAE pensions Law is a unified Federal system that covers UAE nationals working for both the public and private sectors.