Pension Unit
Introduction
The existing Pensions System of the Government of Maldives (GoM) has been in use for several decades. Under this system, any Government employee who completes twenty consecutive years of service in a permanent post is entitled by law, to receive a pension. The pensionable amount is 50% of the salary earned by the employee at the time of completion of twenty years’ service. The pension entitlement continues for the duration of the employee’s life.
If the Government decides to retain the services of a pensioned employee, he/she may be reinstated in his/her current post or a different Government post. If a pensioned employee continues to serve a subsequent twenty consecutive years of service, he/she will be entitled to a second pension, within the same rules applicable to the first pension. This “double pension” entitlement consists of 50% of the salary earned at each twenty year milestone of an employee’s service to the Government.
Very few employees have received a third pension. Currently, an employee could continue to work towards a third pension if he/she is retained in Government service after forty years’ service.
The Pensions Unit manages the following services and responsibilities.
- Distribution of the Government special allowance to citizens who memorise the Holy Qur’an (or achieve the status of “Hafiz”).
- Distribution of the Government special allowance to the blind.
- Distribution of Government pensions.
- Distribution of special allowances or “Khaassa Inaayai” to eligible parties, as advised and instructed by the President’s Office.
- Payment of the final one to three months’ salary to employees given notice to resign from Government service, as directed by the President’s Office.
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