Legacy Contribution Proforma Creation is an essential process for employers to regularize pension contribution gaps or missed payments for Emirati employees, as required by the General Pension and Social Security Authority (GPSSA). When employers fail to submit timely pension contributions during the employee's service period, GPSSA mandates a backdated or legacy proforma to reconcile unpaid amounts and ensure legal compliance. At Smart Word, we specialize in creating accurate legacy proformas by analyzing employee records, employment history, and salary data to calculate the exact contribution arrears. We coordinate with HR, payroll, and GPSSA to validate each data point and ensure the legacy submission reflects correct employer, employee, and government shares. This process is crucial for protecting your organization from fines and ensuring that your Emirati employees receive uninterrupted pension coverage and full benefits upon retirement or separation.
Key Features
Comprehensive Data Review: We thoroughly assess historical employee data, salary structures, and contract timelines to ensure the legacy proforma is accurate and fully compliant with GPSSA rules
Error-Free Calculations: Our specialists apply correct contribution percentages (typically 15% from the employer and 5% from the employee) for each missed month or year
Fast & Compliant Submissions: We work quickly to resolve your pending contribution issues, ensuring the legacy proforma is prepared and submitted within GPSSA guidelines
- What is a Legacy Contribution Proforma?
- When is a legacy proforma required?
- How are legacy contributions calculated?
- What happens if a company doesn't submit a legacy contribution proforma?
- Can Smart Word manage legacy proformas for multiple employees?
