DUBAI, 26th September, 2018 (WAM) — H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the Board of Directors of the General Pension and Social Security Authority, chaired a meeting of the authority’s Board of Directors, which was held today at the headquarters of the Ruler’s Court in Dubai.
At the start of the meeting, Sheikh Hamdan welcomed the board members and wished them luck and success in their work. They then discussed the meeting’s agenda, approved the minutes of the previous meeting, and reviewed the procedures undertaken by the authority’s management to implement its decisions and recommendations.
The board also approved the decisions and recommendations of its committees, most notably those by the Executive Committee, the Supreme Committee for Human Resources and Compensations, the Investment Committee, and the Auditing and Risks Committee.
During the meeting, the board approved the financial statistics for the second quarter of 2018 and adopted several decisions related to the appointment of the authority’s employees, as well as other topics on its agenda.
The authority’s statistics for August highlighted an increase in the number of business owners registered at the authority, from 5,306 in August 2017 to 5,927 in August 2018, as well as the number of its subscribers, from 89,878 to 92,547 during the same period while the number of retired people increased from 15,109 to 15,714. The authority is managing the files of 1,730 retired people, 4,602 eligible civilians, 5,792 retired military personnel, and 4,142 eligible military personnel, who receive their pensions from the Ministry of Finance.