The conference, held under the patronage of Sheikh Ahmed Bin Mohamed Al Khalifah, Bahraini Minister of Finance & Chairman of General Pension and Social Security Authority in Bahrain, was titled 'Developing Pension: Schemes Practical Steps' and focused on regional and international pension reforms.
The conference organised in association with the Muhanna Foundation and the Government Actuary Department, covered topics related to retirement schemes and pension funding plans.
"The core of the conference highlights the vital role of the pension sector especially that this sector generates billions of dollars of investments which has a positive and negative impact on the state national economy according to the abided financial policy," said Mr. Al Baker.
Mr. Al Baker added that GPSSA aims at giving attendees the opportunity to share and update their experiences and knowledge on recent developments as well as learn from what they have implemented in the UAE.
Al Baker also explained that issuing regulations for pension funds and social security is an important issue that should be tackled and governments should take quick action to deal with this issue.
Mr. Al Baker expressed his relief for the attendance and participation of specialists in pensions, social security and actuary sector in the conference to share experiences, "The presence of experts ensures that all attendees will have access to benefit from gaining the appropriate knowledge and get exposed to leading-edge thinkers from around the world", added Mr. Al Baker.
More than 150 participants, representing 70 pension and social security funds from the public and private sectors from 28 countries, participated in the 10th Annual Regional Retirement and Social Insurance Conference. International experts and actuaries representing the international association of actuaries and the British government Actuaries Department also took part in the conference, as well as experts from Muhanna Company for actuary research, University of Michigan director of actuary programme, and head of the international organization for social security.
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GPSSA participates in the 10th Annual Regional Conference of Retirement and Social Insurance Authorities
- United Arab Emirates: Saturday, March 25 - 2006 at 14:21
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A delegation from the UAE General Pension and Social Security Authority (GPSSA) headed by Abdul Rahman Ali Youssef Al Baker, Deputy Director General of GPSSA participated recently in the 10th Annual Regional Retirement and Social Insurance Conference in Bahrain held between the 14th and 15th of March, 2006.
Abdul Rahman Al Baqer, Deputy General Manager, GPSSA
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Posted by Lara Lynn Golden, News EditorSaturday, March 25 - 2006 at 14:21 UAE local time (GMT+4)
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For further information, please contact:
Hicham Al Amrani
ASDA'A Public Relations
Burson- Marsteller exclusive Middle East affiliate
Dubai, UAE -
Tel: +971-4-3344550;
Fax: +971-4-3344556
About the General Pensions and Social Security Authority (GPSSA):
The GPSSA was set up by the Federal Decree No. 7 of 1999 under a law issued for wages and social insurance. Its aim is to provide insurance for the protection of the national labour force and to create financial security for citizens. The institution will ultimately be self-funded, will operate as an independent, efficient corporate and offset the financial burden to the UAE Government.
The GPSSA plays a major social and humanitarian role to guarantee steady future income for nationals, their families and children. Currently, it emphasizes on interaction with large public and private organizations to increase awareness of the UAE Governments efforts to provide every national with a healthy and secure lifestyle.
Hicham Al Amrani
ASDA'A Public Relations
Burson- Marsteller exclusive Middle East affiliate
Dubai, UAE -
Tel: +971-4-3344550;
Fax: +971-4-3344556
About the General Pensions and Social Security Authority (GPSSA):
The GPSSA was set up by the Federal Decree No. 7 of 1999 under a law issued for wages and social insurance. Its aim is to provide insurance for the protection of the national labour force and to create financial security for citizens. The institution will ultimately be self-funded, will operate as an independent, efficient corporate and offset the financial burden to the UAE Government.
The GPSSA plays a major social and humanitarian role to guarantee steady future income for nationals, their families and children. Currently, it emphasizes on interaction with large public and private organizations to increase awareness of the UAE Governments efforts to provide every national with a healthy and secure lifestyle.
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