ABU DHABI: The General Pensions and Social Security Authority (GPSSA) today approved its draft closing financial report for 2012 at a meeting chaired by H.H. Sheikh Hamdan bin Rashid Al Maktoum, deputy ruler of Dubai and UAE minister of finance and Chairman of GPSSA's board of directors.
Up to the end of December 2012, around Seventy thousand individuals, including more than sixty four thousand working for government departments, were insured under the federal pension law. The Authority's spending grew by 20.67% to more than AED2.17 billion by the end of last year, up from around AED1.8 in 2011. At today's meeting, the board approved recommendations by committees and the minutes of its previous meeting, and viewed the measures taken upon previous recommendations and decisions.Copyright Emirates News Agency (WAM) 2013.
