Pension payments for July to be disbursed on Friday, totaling AED794.5 million: GPSSA

ABU DHABI: The General Pension and Social Security Authority (GPSSA) has announced that AED794,520,346.03 in pension payments will be distributed on Friday, 26th July 2024, benefiting 48,199 pensioners and beneficiaries. This marks an increase compared to July 2023, when AED711,323,785.25 was allocated to 46,835 recipients. This month saw 1,364 more pensioners and beneficiaries and an additional AED83,196,561 in payments. The disbursements cover individuals under Federal Law No. (7) of 1999 for Pension and Social Security, along with those whose files are managed by the GPSSA on behalf of the Ministry of Finance, in accordance with applicable pension laws. Source: Emirates News Agency