The General Pension and Social Security Authority (GPSSA) has signed a Memorandum of Understanding (MoU) with the Etihad Credit Bureau, a leading federal entity specializing in data technology and financial insights.
This strategic partnership aims to support UAE-based private sector employers in meeting their pension contribution obligations for Emirati employees.
By leveraging the Bureau’s advanced credit data products, GPSSA can now evaluate the financial wellness and stability of private sector entities. This collaboration is aligned with the UAE government's broader mission to enhance sustainability, competitiveness, and proactive service delivery in the pension sector.
Faras Al Ramahi, Director-General of GPSSA, emphasized the importance of innovation and digital connectivity in improving operational capabilities.
"This collaboration not only supports the UAE's vision of fostering fruitful partnerships but also provides high-quality digital services with excellent technical infrastructure,"
Al Ramahi stated.
Marwan Ahmad Lutfi, Director-General of Etihad Credit Bureau, highlighted the wider impact of this initiative, noting that it extends beyond credit facilities to encompass financial health, security, and stability across both the public and private sectors. He anticipates that the initiative will increase clarity and accountability in ensuring compliance with pension contributions.
The partnership includes the implementation of a robust database exchange framework that facilitates the sharing of vital information, statistics, and data analytics, all aimed at driving a sustainable and digitally transformed future for all stakeholders involved.
News Source: Emirates News Agency
