emirates7 - The General Pension and Social Security Authority (GPSSA) has announced an exemption for employers in the federal, government, and private sectors from fines related to delayed contribution payments for October and November 2024.

This exemption coincides with the introduction of the Ma’ashi platform, as outlined in a circular issued by GPSSA to employers across various sectors.

Under Article 13 of Federal Law No. 7 of 1999 on pensions and social security, along with Article 12 of Federal Law No. 57 of 2023, contribution payments are due on the first day of each month, with a grace period extending until the 15th. With this exemption, employers now have until December 15, 2024, to submit contributions without facing penalties.

GPSSA has encouraged employers to utilize the Ma’ashi platform to transfer contributions promptly, avoiding any financial repercussions.

This measure aims to alleviate the burden on employers by extending the deadline for contribution payments.

To ensure a smooth transition to the new platform, GPSSA has conducted several workshops in both English and Arabic, which are ongoing. Employers are reminded to verify and employee data and salary details to ensure accuracy and compliance.