Abu Dhabi: Employers in the federal, government, and private sectors have been given a temporary exemption from fines for late pension and social security contribution payments due for October and November 2024. The exemption is reached as part of the launch of the Ma’ashi platform, an initiative by the General Pension and Social Security Authority (GPSSA).
A circular allocated by the GPSSA has notified employers that the deadline for contribution payments, which are normally due on the 1st of each month, has been extended. In line with Article No.13 in Federal Law No.7 of 1999 regarding pension and social security, in addition to Article No.12 in Federal Law No.57 of 2023 regarding pension and social security, payments are generally due by the 1st day of each month but can be extended until the 15th. For this period, the GPSSA has extended the deadline for employers to finalize their contributions until 15th December 2024, allowing more time for compliance without incurring financial penalties.
تعميم إلى أصحاب العمل في القطاع الحكومي (الاتحادي والمحلي) والقطاع الخاص الخاضعين للقوانين الاتحادية للمعاشات والتأمينات الاجتماعية وتعديلاتها بشأن إعفاء أصحاب العمل عن المبالغ الإضافية المترتبة عن اشتراكات شهريّ أكتوبر ونوفمبر لعام 2024
A circular to employers in the government… pic.twitter.com/qLLVQtA5e1
— هيئة المعاشات (@GPSSAAE) November 12, 2024
This extension aims to relieve pressure on employers, particularly in light of the continued rollout of the Ma’ashi platform, which facilitates the process of transferring contributions. Employers have been urged to ensure that employee data and salary details are current and accurate on the platform, as part of the endeavor to streamline pension and social security management.
The GPSSA has been manipulating a series of workshops in both English and Arabic to guide employers through the new system. These sessions are ongoing, offering practical support to ensure a smooth transition and effective use of the Ma’ashi platform. Employers are reminded to complete the contribution payments by the new deadline to avoid any future complications.