GPSSA clarifies conditions for early retirement of Emiratis

The General Pension and Social Security Authority (GPSSA) said that insured Emiratis who wish to receive a lucrative pension rate and retire early may revert to purchasing inactive service years in addition to their actual employment period, as per federal pension laws.

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GPSSA's service “Purchase of Service Years” differs from one federal law to another.

According to Federal Law No. 7 of 1999 regarding pension and social security and its amendments, the insured must have spent 20 years employed in an entity.

In Federal Law No. 57 of 2023 (whose provisions apply to those joining employers for the first time after the 31st October 2023), the insured must have served not less than 25 actual service years when submitting the purchase request or 15 years if the insured has reached the age of 60.

Under Federal Law No. 7 of 1999, males can purchase up to five additional service years, while females can purchase up to ten.

Federal Law No. 57 of 2023 limits the purchase period to five years for both genders.

The percentage granted by each purchased service year varies in accordance with the pension laws applied by the GPSSA.