Marwan Ahmad Lutfi, director-general of Etihad Credit Bureau, and Faras Al Ramahi, GPSSA’s director-general, signing the MoU. — Supplied photo
In a bid to assist UAE-based private sector employers in meeting their pension contribution obligations for Emirati employees, the General Pension and Social Security Authority (GPSSA) has entered into a memorandum of understanding (MoU) with the Etihad Credit Bureau, a federal entity specializing in simplifying data and providing valuable financial insights. This collaboration facilitates data-driven decision-making, as GPSSA utilizes the Bureau's sophisticated credit data tools to assess the financial health and stability of the private sector in fulfilling their pension obligations. This aligns with GPSSA’s proactive service strategy and supports the UAE government’s mission to ensure sustainability and global competitiveness.
During a ceremony attended by senior executives from both organizations, Faras Al Ramahi, GPSSA’s director-general, stated: “The General Pension and Social Security Authority is continually seeking innovative methods to enhance operational efficiency and foster data exchange and digital connectivity. This partnership not only aligns with the UAE’s mandate to encourage productive collaborations but also delivers high-quality digital services and robust technical infrastructure, while advancing our mission to acquire knowledge and expertise from leading government entities in the country.”
Marwan Ahmad Lutfi, director-general of Etihad Credit Bureau, added: “This initiative transcends the realm of credit facilities, encompassing financial health, security, and stability across both government and private sectors. By providing these insights, we expect greater transparency and accountability in supporting the market’s compliance with their pension contributions to the Pension Authority.”
Both entities have established a comprehensive data exchange framework that details the provision of information, statistics, and descriptive data analytics, while identifying best practices that drive a current and future-oriented sustainable digital transformation for all stakeholders.
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