• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Saturday, December 13, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Pension body outlines 5 criteria for Emiratis to benefit from ‘Shourak’ programme

June 13, 2024
in Uncategorized
Pension body outlines 5 criteria for Emiratis to benefit from 'Shourak' programme
Share on FacebookShare on TwitterWhatsapp

The General Pension and Social Security Authority (GPSSA) has outlined five criteria for insured Emiratis to benefit from the Shourak programme, which was introduced last year to improve the quality of life and financial stability of insured individuals working in UAE-based federal, government, and private sector entities.
Shourak allows insured Emiratis to merge their employment years when changing entities without incurring additional fees, provided they opt not to receive the end-of-service gratuity to complete the eligible pension period.
The first criterion considers whether the insured’s employment ended before or after Shourak was introduced on 1st July 2023.
Only those whose employment ended on, or after this date are eligible. Any employment period prior to this date does not apply to Shourak as per its provisions.
The second criterion requires that the employee must have worked for at least a year, as those with less than one year of service are not eligible for Shourak.
The third criterion states that the employee must have worked with entities affiliated with the GPSSA, as employment periods with other pension funds or authorities are not covered by Shourak.
The fourth criterion specifies that the insured must join a new entity within six months of leaving the previous one.
Finally, the fifth criterion requires the insured to request to merge their employment periods within three months of joining the new entity, as service periods are not merged automatically.
Since the implementation of Shourak on 1st July 2023, the GPSSA has received 5,198 end-of-service gratuity cases.
However, only 1,685 insured members have been able to benefit from the programme, meeting the criteria of having their employment service end after Shourak’s introduction and opting to merge their previous and subsequent employment service years to maintain continuity.

Tags: dubainewsdubainewstveveryonefollowers
Share15Tweet10Send
Previous Post

Biden and Zelenskyy will sign a security deal, as G7 leaders agree to use Russian cash to help Kyiv

Next Post

Agri think tank lauds direct, indirect initiatives spelled out in budget

Related Posts

tribune
Entertainment

Inside the Uzbekistan's Center of Islamic Civilization

December 13, 2025
Quality healthcare a basic right, says Balochistan CM Bugti
Pakistan

Quality healthcare a basic right, says Balochistan CM Bugti

December 13, 2025
Up to Rs11.85 cut in POL prices likely
Business & Finance

Up to Rs11.85 cut in POL prices likely

December 13, 2025
Falling vegetable prices keep SPI inflation low
Business & Finance

Falling vegetable prices keep SPI inflation low

December 13, 2025
Overseas Pakistani Declared Dead in NADRA Records Returna to Pakistan
Pakistan

Overseas Pakistani Declared Dead in NADRA Records Returna to Pakistan

December 13, 2025
Take a look inside the Waldorf Astoria's private Empire Club, exclusive to residents of its multimillion-dollar apartments
exclusive

Take a look inside the Waldorf Astoria’s private Empire Club, exclusive to residents of its multimillion-dollar apartments

December 13, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.