Abu dhabi: The United Arab Emirates has become the first Arab nation to be featured in the 2024 Mercer Global Pension Index (MCGPI), securing the 23rd position globally. This achievement highlights the UAE's dedication to enhancing the quality of life for its citizens through improved pension systems. According to Emirates News Agency, Mubarak Rashed Al Mansoori, Chairman of the Board of Directors for the General Pension and Social Security Authority (GPSSA), announced the milestone during the 16th annual Mercer CFA Institute Global Pension Index. The report, produced by Mercer, a business of Marsh McLennan (MMC) and CFA Institute, compares 48 retirement income systems covering 65% of the world's population. It assesses the pension systems of the GPSSA, along with the Abu Dhabi Pension Fund and the Sharjah Social Security Fund, noting that the UAE has shown significant progress in its pension system for the fourth consecutive year. The 2024 report indicated that the UAE's index value saw an increase from 62 .5 in 2023 to 64.8, following the decision to raise the pension age due to increased life expectancies. This adjustment is expected to enhance the economic benefits for Emirati families. Al Mansoori highlighted that the UAE's retirement income system has continuously improved, achieving a score of 77.1 in adequacy and ranking 12th globally, while its pension scheme integrity scored 75.3, placing it 25th worldwide. Al Mansoori emphasized that the inclusion in the MCGPI is part of a broader governmental strategy focused on enhancing various sectors including education, health, housing, and other social services. "Pension and insurance are considered one of those priority areas that aim to improve the overall quality of life for its nationals by offering more sustainable pension solutions," he stated.