21.8 C
Tuesday, February 27, 2024

To benefit from ‘Nafis,’ update data with GPSSA

The UAE government, through the General Pension and Social Security Authority (GPSSA), contributes 2.5% of the private sector Emirati employees’ contribution amount as part of the “Nafis” program. This support is contingent on keeping both the entity and employee data updated with GPSSA.

During the first five years of employment, the government covers the contribution account salary difference for insured Emiratis working in the private sector, based on their salary and study certificate, on behalf of the entity. To ensure this, it’s crucial to maintain up-to-date data with GPSSA, as this information is linked to the Ministry of Human Resources and Emiratisation.

The contribution rate for insured Emiratis, whether in the government or private sector, is 20%. Of this, the insured individual pays 5%, while the entity pays 15%, with 2.5% of this amount being provided as government support for Emirati employees in the private sector. This results in the private sector entity contributing only 12.5%. It’s important to note that insured individuals must be between 18 and 60 years old at the time of appointment and medically fit to work, with proof from a GPSSA-approved medical authority.

The “Nafis” program’s success relies on the cooperation of registered entities and insured Emiratis who must ensure prompt monthly contributions. All Emiratis working in various sectors across the UAE are covered by Federal Law No. 7 of 1999 on Pension and Social Security and its amendments, except for employees in Abu Dhabi and Sharjah governments and those in the private sector in Abu Dhabi.

Next Article

Related Articles

Vital Vaccinations for Children Traveling during Umrah or Eid Holidays, UAE Doctors Emphasize Empowering Safety

Vital Vaccination for Umrah or Eid Travel , UAE Doctors Empowering Safety Around 20 percent of parents in the UAE inadvertently overlook their children's routine...

Dubai Banker’s Bold Transition to Volunteer at Abu Dhabi BAPS Hindu Mandir

Dubai Banker's Bold Journey from Corporate Success to Impactful Volunteerism at Abu Dhabi BAPS Hindu Mandir Vishal Patel, a Dubai-based investment banker, embarked on a...

UAE Forecast Indicates Refreshing Anticipated Rainfall and Cool Temperature Temperatures Ahead

UAE on Monday, Anticipate Refreshing Rainfall and Cooler Temperatures Police across the UAE are emphatically urging motorists to prioritize safety and attentiveness when navigating through...

Abu Dhabi-Backed RedBird IMI Secures $1.45 Billion Deal for UK’s All3Media

Abu Dhabi-Backed RedBird IMI Secures Powerhouse $1.45 Billion Deal for UK's All3Media RedBird IMI, spearheaded by Jeff Zucker, the former CNN executive, has clinched a...

GCC Nations Poised to Supercharge Region’s GDP by $2.5 Trillion in a Decade

GCC Countries Poised to Propel Region's GDP by $2.5 Trillion in the Next Decade A recent study has shed light on the potential for significant...

Latest Articles