- The Maldives Pension Administration Office disbursed over MVR 173 million across multiple pension schemes in September 2026.
- The state-funded Basic Pension scheme was the largest payout, distributing over MVR 128 million to 27,313 beneficiaries.
- Additional schemes covered retirement pensions, state employee benefits, and long-term service allowances for thousands more beneficiaries.
The Maldives Pension Administration Office released its monthly statistical breakdown for September 2026, confirming total disbursements exceeding MVR 173 million across contributory and state-funded pension schemes.
The figures published on the Office’s social media detail the allocation of pension payments under both the main Maldives Pension System and specific state-funded schemes designed to deliver social protection and retirement support.
The state-funded Basic Pension scheme accounted for the largest share of September’s total payouts, distributing over MVR 128 million to 27,313 beneficiaries. Funded directly by the state, the scheme operates with the targeted objective of alleviating old-age poverty.
In addition, the Maldives Retirement Pension Scheme disbursed over MVR 14 million to 2,761 beneficiaries. Financed through accumulated scheme funds, this initiative aims to provide a 50 per cent income replacement rate for individuals upon reaching retirement.
The Office further outlined payments administered under broader state employee retirement benefit schemes and long-term service categories.
For retired public sector personnel, the government allocated over MVR 27 million to support 4,849 beneficiaries under the Retirement Benefits of State Employees programme. Furthermore, state disbursements under the Long Term Service Pensions and Allowances category surpassed MVR 4 million, providing coverage to 2,209 eligible individuals.
The Pension Office affirms that these statistics are released on a monthly basis to ensure transparency regarding beneficiary reach and the administration of national social protection funds.
