Emirates News Agency – Pension Board of Directors to hold sixth meeting for 2023

ABU DHABI, September 27 / WAM / Mubarak Rashid Al Mansouri, Chairman of the Board of Directors of the Public Pensions and Social Security Authority, presided over the Sixth Council Meeting for the year 2023, which was held yesterday, Tuesday.

The meeting began by welcoming the Honorable Council members and thanked the Minister of State for Financial Affairs, Honorable Mohammed bin Hadi Al Husseini, for his continued efforts during his tenure as Chairman of the Council.

The Council approved the minutes of its previous meeting, approved the follow-up agenda of the administration to the decisions and recommendations of its previous meetings and also approved the decisions and recommendations made by its sub-committees. Apex Committee on Human Resources and Rewards, Investment Committee and Internal Audit and Risk Committee.

The Council discussed and approved the Commission’s financial statements for the first and second quarters of 2023. It reviewed the investment performance report up to 2023 and the executive summary of the authority’s corporate performance in the first half of 2023. topics on its agenda and take appropriate decisions regarding them.

The Authority’s figures for the month of August 2023 indicate an increase in the number of subscribers (111,735) compared to (89,329) for the same month last year. (11,865) companies also increased compared to (7,612) in August 2022.

As per August 2023 figures, the number of retirees has increased to (19,685) and the number of eligible persons has reached (8,458) as compared to the number of pensioners in August 2022 (18,752). , compared to approximately (8,499) eligible individuals for the same month of the year.

In terms of insurance expenses, their value in August this year was (415,268,101) dirhams, which was approximately (455,467,005) dirhams in the same month last year.