Pension Office came into existence, under the Maldives Pension Act (Pension Act) which was ratified on 13th May 2009, as an independent legal entity.
The Pension Act mandates Pension Office to carry out the following functions:
- 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
Pension Office plays a pivotal role in the development of the social security system in the country.
To be the most trusted, respected and loved institution in the Maldives
Excellence in Pension
Achieving execellence in pension services and financial stability for a secure future.
Trust - Trustworthiness and reputation is essential for us to accomplish our mission
Respect - We will respect first and foremost to earn respect
Love - We will care beyond expectation and serve straight from our heart
The future income security and income stability of all our people are assured upon their retirement
Manage Maldives Retirement Pensions Scheme
Manage MRPS in the best interests of the members by generating real returns
Deliver exceptional pension services
Make timely payments to beneficiaries of the Old Age Pensions and other pension schemes established under Maldives Pensions Act
Establish outstanding communication and awareness
Build excellent relationships with members, employers and all stakeholders through understanding of their needs, values and priorities
Set high standards and benchmarks for pension
Continuously improve the pension system to match international best practices and standards
Our Core Values
INTEGRITY: Set remarkably high standards of honestt and tranparency and preserve impeccable image nationally and internationally
COMMUNICATION: Committed to openness and share frequently, simply and clearly
TEAM SPIRIT: Culture of lively debate, respect for the opinions of others, humility and a commitment to continuous learning and helpfulness.
INNOVATION: Value people who generate, foster and present ideas and find new ways to interpret and understand surroundings and emerging trends
EXCELLENCE: Passion, dynamism and determination to deliver the best results for members and ensure every one operates at full capacity