Pension Office

Pension Office is rated 3 out of 5 in the category financial services. Read and write reviews about Pension Office. Maldives Pension Administration Office (MPAO) came into existence, under the Maldives Pension Act (Pension Act) which was ratified on 13th May 2009, as an independent legal entity. Functions of MPAO: Administer Maldives Retirement Pension Scheme (MRPS) Pay state funded Old Age Basic Pension Scheme (BP) Manage Pension funds Establish standards, rules and guidelines related to the schemes Create public awareness and educate scheme participants MPAO plays a pivotal role in the development of the social security system in the country. Over the past two years, the initial focus of MPAO has been to establish pension schemes and introduce it to the public by creating awareness to gain greater public acceptance for the new pension system. With the successful implementation of both the schemes (BP & MRPS), the focus has moved on to further improve and sustain the operation through innovative means. Our Vision “Achieving excellence in pension services and financial stability for a secure future” Our Mission Manage Pension fund in the best interest of the members through secure and diversified investments. We endeavour to: Provide automated customer driven services Mainstream pension knowledge Facilitate innovation in pension products and services