Statistics have shown that over MVR 131 million was disbursed as pension payouts in April.
Official figures publicized by the Maldives Pension Administration Office (MPAO) show MVR 96 million was disbursed under the basic pension scheme to 20,120 registered individuals. A further MVR 21 million was paid as retirement allowance to 4,303 individuals who retired from government posts. Additionally, MVR eight million was paid out to 1,645 people under the Maldives Retirement Pension Scheme, and MVR five million as retirement allowances to 2,944 people.
MPAO was established on May 13, 2009, under the PEnsion Act. MPAO has four pension schemes, including the basic pension scheme and the retirement pension scheme.
