Reduction of administration fee to 0.5% p.a. for pre-retirement funds and 0.3% p.a. for post-retirement funds

Implementation of a hybrid work model

Launch of Pension Office AI Chatbot “Pari”

Launch of Pension Office Data Dashboard

MRPS fund surpassed MVR 24 Billion

MRPS fund surpassed MVR 20 billion

Adoption of Strategic Plan 2022 - 2024

Migration to new Organisational Structure

Land acquired for development of Pension Office building

Launching of Koshaaru Portal - Maldives First Fully Digital Customer Service Portal

Formal recognition of ISO 27001

Formal recognition of ISSA compliance on contributions and collection

4th amendment to Pension Act

Induction of Hajj Scheme

Admin fee levied on MRPS members reduced from 0.8% to 0.6%

Admin fee levied on MRPS members reduced from 0.9% to 0.8%

First disbursement of funds towards collateralization of RSA funds for housing schemes

Pension Office’s IT infrastructure moved to Google Cloud

MRPS contributions surpassed MVR 1 billion mark

3rd Amendment to Maldives Pension Act was ratified

Regulation on Collateralization of RSA Funds Towards Housing Schemes was published

The new Pension Office website, including a new Dhivehi version, was launched

Admin fee levied on MRPS members reduced from 1% to 0.9%

Establishment of Pension Office Contact Center

Release of Pension Office Mobile Application

First trade in secondary stock market

Commencement of participation of self-employed persons in MRPS

Establishment of an Investment Compliance and Internal Audit function within Pension Office

Completion of the first year as a financially independent institution

First MRPS investment in Fixed Income Corporate Bond issued by HDFC

MRPS investment in Sukuk issued by HDFC

Launch of “Koshaaru” – Pension Management System

Implementation of centralized state pension disbursement mechanism

Participation of private sector employees in MRPS

Member online access to Retirement Savings Account

First MRPS investment in Equity

Commence disbursement of pension for foreigners

Introduction of MRPS and participation of state employees

Appointment of custodian for MRPS funds

First investment of pension funds

Commencement of disbursement of pensions from MRPS

Issuance of recognition bond for accrued pension rights

Ratification of Pension Act and establishment of Pension Office