Latest news with #AbuDhabiPensionFund
Al Etihad
06-05-2025
- Business
- Al Etihad
Abu Dhabi Pension Fund: Direct Debit raises pension contribution collection rate to 99.93%
6 May 2025 21:37 ABU DHABI (WAM)Khalaf Abdullah Rahma Al Hammadi, Director-General of the Abu Dhabi Pension Fund, confirmed that the Fund's early investment in digital systems has significantly contributed to increasing employer compliance with the law, ensuring the sustainability of the pension system, and protecting the rights of citizens and their pointed out that the Direct Debit system – which the Fund began implementing in recent years as one of the outcomes of digital transformation – has succeeded in raising the pension contribution collection rate to 99.93 Hammadi stated that the Direct Debit service currently serves more than 6,000 employers, allowing them to automatically deduct contributions from their bank accounts at the beginning of each has helped ensure that contributions are paid on time, and avoid any additional amounts due to delays, which has strengthened their compliance with the pension law in the Emirate of Abu Hammadi noted that the Direct Debit service is also applied to paying the cost of adding previous service periods, benefiting nearly 5,000 insured Directo- General of the Fund explained that the project contributed to redesigning the traditional method of contribution payment used in most pension funds worldwide, as it developed a comprehensive and clear journey for both employers and insured payment process has become automatic, following standards that ensure the security of personal data through the use of digital identity (UAEPASS). It also serves the Fund's goals of enhancing transparency and securing citizens' pension Hammadi pointed out that managing pension contributions is one of the Fund's most important tasks, as its success and efficiency are directly linked to ensuring the stability of citizens' income after retirement and achieving long-term financial security for them and their noted that the Fund, as part of its digital plans, developed advanced digital systems to manage contributions efficiently and facilitate payment for Hammadi stated that one of the most important systems the Fund developed – in addition to the Direct Debit service – for managing pension contributions is the Smart Contributions system, which provides a comprehensive database for employers and enables the preparation of preliminary monthly contribution invoices without the need for regular data updates or additional effort by the noted that the system offers a shared integrated data platform with the Fund, ensuring data accuracy and supporting Hammadi highlighted the importance of the solutions developed by the Fund's team to facilitate the contribution payment process, which contributed to increasing partners' trust in the system and its quality, and overcame the challenges and obstacles they previously added that the digital solutions not only helped speed up procedures but also reduced bureaucracy and administrative burdens on employer staff, allowing them to focus on other strategic tasks that improve institutional Hammadi emphasised the importance of cooperation between government and private sectors in simplifying procedures for citizens, and offering an exceptional customer experience. He praised the role of the Central Bank of the UAE and First Abu Dhabi Bank for their support in facilitating the implementation of the Direct Debit service. He confirmed the Fund's continued efforts to invest in technology and commit to ongoing development, in line with the Abu Dhabi Government's vision of improving public services and enhancing the customer experience, strengthening Abu Dhabi's reputation as a leader in pension services.
Al Etihad
18-03-2025
- Business
- Al Etihad
Abu Dhabi Pension Fund hosts special iftar to honour retirees' contributions to community
19 Mar 2025 02:10 SARA ALZAABI (ABU DHABI)Celebrating retirees' contributions to serving the nation, the Abu Dhabi Pension Fund (ADPF) brought its beneficiaries together in an iftar on event, held at the Royal M Hotel Abu Dhabi, served as an opportunity to connect the pensioners with the ADPF staff, strengthen their ties, and highlight the Fund's year-round support. Retirees are an important part of society, the ADPF said, and the gathering was a way not only to communicate with them but also to honour their efforts in the the pensioners, it was more than a celebration."This is a good initiative that reflects the growing interest in the role of retirees in society. It goes beyond honouring us, providing real opportunities to continue giving and participating. Such initiatives enhance our presence and make us feel like an important part of society," said Dr. Omar Al Ameri, one of the Fund's beneficiaries who attended the the successful event, retirees and beneficiaries express their appreciation for the Fund's initiatives, which ensure its continued support."We appreciate the efforts of the Abu Dhabi government to support and empower us after retirement. We thank our wise leadership for declaring 2025 the Year of Community, caring for all segments of society and creating new initiatives suited to us," Al Ameri told Al Mansouri, another retiree, said: "We feel appreciated and proud of these initiatives, which confirm that our role does not end with retirement, but continues in ways that allow us to contribute our expertise and knowledge.""Enhancing retirees' presence in society and providing opportunities to participate reflects a comprehensive vision aimed at empowering us and benefitting from our experiences, making us feel that we are still an important and influential part of society," Al Mansouri added. Year-round Support With its programmes lined up throughout the year, the ADPF ensures retirees always have opportunities to look forward to. These activities and benefits were also highlighted at the iftar, which is part of the Fund's efforts for 2025, the Year of the initiatives that were discussed was a service called "Register Your Interests and Experiences" on the Tamm service encourages retirees to suggest programmes that the Fund can come up with to cater to their needs. It also allows them to document their professional experiences that can be used by government and private entities in the in 2024, it allows pensioners to find professional and volunteer opportunities that are aligned with their skills, experiences, and interests. Such services also help the Fund bolster its expert database. This information plays a significant role in creating social programmes to uplift pensioners' lives, in accordance with the Year of Community vision. The ADPF partners with public and private sector entities to extend comprehensive support to retirees through various iftar was organised in partnership with Gewan Hotel Management, which manages the Royal M Hotel Abu Dhabi.
Zawya
27-02-2025
- Business
- Zawya
Abu Dhabi Pension Fund launches 'Manarah' platform to boost workforce management
ABU DHABI – The Abu Dhabi Pension Fund (ADPF) has launched "Manarah", an AI-powered data platform designed to support registered entities in forecasting workforce trends and ensuring compliance with pension laws. The initiative, which aligns with Innovation Month, reflects ADPF's commitment to digital transformation and developing smart solutions that enhance pension services in Abu Dhabi. The platform features advanced AI-driven analytical tools that help entities manage employee data, particularly their insurance status. It provides real-time insights into key workforce indicators, including the number of active members, current and projected pension trends, and registration and service termination rates to develop informed workforce strategies. Manarah delivers instant compliance tracking, enabling entities to monitor key obligations such as contribution payments, employee registration, and service termination. The platform also allows entities to track their requests with ADPF in real-time, eliminating the need for direct communication and significantly reducing processing time and effort. The fund plans to expand training on Manarah to all registered entities in the coming phase, ensuring widespread adoption and optimal platform utilisation. Khalaf Abdullah Rahma Al Hammadi, Director-General of Pension Affairs at ADPF, reaffirmed the Fund's commitment to developing innovative solutions that enhance the efficiency of pension services in Abu Dhabi. He emphasised that "Manarah" marks a significant milestone in strengthening engagement with leadership and specialists across entities.
Zawya
21-02-2025
- Business
- Zawya
UAE: GPSSA outlines rights, obligations of insured under federal pension laws
ABU DHABI - The General Pension and Social Security Authority (GPSSA) said on Friday that registering with the authority is the first step to obtaining insurance benefits guaranteed by law as an acquired right, in addition to other forms of government support, including the NAFIS programme. Emirati employees must register on the Ma'ashi digital platform to access these benefits under the federal pension and social security law. The platform allows users to access services using the UAE Pass. Emiratis working in federal, government, and private sectors, including those supported by NAFIS, must register with GPSSA within their first month of employment to ensure accurate calculation of pension and insurance benefits. Under Federal Law No. 7 of 1999 and Federal Law No. 57 of 2023 regarding pension and social security and its amendments, employers must register Emirati employees with the GPSSA within 30 days of their start date if they meet the eligibility criteria. To register, employees must not be under 18 when newly recruited and not more than 60. They must also provide a medical clearance certificate from a UAE-based government hospital, issued within six months, confirming their fitness for employment. These conditions apply to all individuals who acquire Emirati nationality at any time. GCC citizens working in the UAE must be registered under Cabinet Resolution No. 18 of 2007, which extends insurance protection to Gulf nationals employed outside their home countries. The decision designates the GPSSA to act as the implementing body of this system. Employers in the government and private sectors must comply with GPSSA's pension laws, except for government and private sector employers in Abu Dhabi and the government sector in Sharjah. Registration becomes mandatory once an Emirati joins an entity covered by GPSSA laws. Corporations headquartered in any emirate and their branches across the UAE fall under federal pension laws. However, entities based in Abu Dhabi and their branches are governed by the Abu Dhabi Pension Fund. Free zones and businesses in tourism and hospitality employing Emiratis or GCC nationals must ensure compliance and register employees with GPSSA within their first month of employment. GPSSA stressed that while employers are responsible for registering employees and making contributions on time, employees must also verify their registration and ensure timely payments. Employees who find they are not registered should contact GPSSA to secure their insurance rights and maintain eligibility for government support. Employers, insured individuals, pensioners, and beneficiaries can visit the Ma'ashi digital platform for details on registration, compliance, and the UAE's insurance system.
Hi Dubai
21-02-2025
- Business
- Hi Dubai
GPSSA Urges Emiratis to Register for Pension Benefits via Ma'ashi Digital Platform
The General Pension and Social Security Authority (GPSSA) has emphasized the importance of registering with the authority to secure insurance benefits guaranteed by law. In addition to pension entitlements, Emiratis who register can access other government support initiatives, including the NAFIS programme. To streamline the process, Emirati employees are required to register on the Ma'ashi digital platform, which enables access to essential services via the UAE Pass. This step is mandatory under the federal pension and social security law, ensuring that employees in federal, government, and private sectors, including those supported by NAFIS, receive accurate pension and insurance calculations. Registration Guidelines and Employer Responsibilities Federal Law No. 7 of 1999 and Federal Law No. 57 of 2023 mandate that employers must register Emirati employees with GPSSA within 30 days of their start date, provided they meet the eligibility criteria. This requirement is crucial for maintaining compliance and securing employee benefits. To qualify for registration, employees must be at least 18 years old and not older than 60 at the time of recruitment. Additionally, they must submit a medical clearance certificate from a UAE-based government hospital, issued within the past six months, verifying their fitness for employment. These conditions also extend to individuals who acquire Emirati nationality at any point in their lives. Pension Protection for GCC Nationals Under Cabinet Resolution No. 18 of 2007, GCC citizens employed in the UAE must be registered with GPSSA to ensure their inclusion in the region-wide insurance protection system. GPSSA serves as the implementing body for this initiative, ensuring that Gulf nationals working outside their home countries receive appropriate coverage. Compliance Across Sectors and Regions Employers in both government and private sectors must adhere to GPSSA's pension laws. However, exceptions exist for government and private sector employers in Abu Dhabi and government entities in Sharjah. Corporations headquartered in any emirate, including their nationwide branches, fall under federal pension regulations, while entities based in Abu Dhabi and their branches are governed by the Abu Dhabi Pension Fund. Additionally, businesses operating in free zones, as well as tourism and hospitality sectors employing Emiratis or GCC nationals, must ensure compliance with registration requirements within the first month of employment. Employee and Employer Accountability GPSSA reiterated that while employers are responsible for registering employees and making timely contributions, employees should actively verify their registration status to secure their insurance rights. Employees who discover they are not registered should immediately contact GPSSA to safeguard their eligibility for government support. For further details on registration, compliance, and the UAE's pension system, employers, insured individuals, pensioners, and beneficiaries can visit the Ma'ashi digital platform. News Source: Emirates News Agency
