{"id":6169,"date":"2023-05-31T15:22:49","date_gmt":"2023-05-31T10:22:49","guid":{"rendered":"https:\/\/mbt.mv\/?p=6169"},"modified":"2023-05-31T15:22:49","modified_gmt":"2023-05-31T10:22:49","slug":"maldives-pension-fund-reaches-mvr-20-5-bn","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=6169","title":{"rendered":"Maldives Pension Fund reaches MVR 20.5 Bn"},"content":{"rendered":"

Maldives Pension Administration Office (MPAO) has revealed that the Maldives Pension Fund has reached a total of MVR 20.5 billion.<\/p>\n

During the “Maldives Financial Forum”, the authority presented statistics showing a collective increase in accrued pension rights, pension’s investment, Shari’ah funds, and housing funds.<\/p>\n

The accrued pension rights are the retirement benefits allowance provided to employees below 65 years, and was implemented before the Maldives Pension Act came into force. The pension fund excluding accrued rights, reached a total of MVR 16.5 million since the implementation of the Pension Act.<\/p>\n

While speaking at the Financial Forum, the Chief Executive Officer of MPAO Shujatha Haleem said that the pension fund continues to grow year after year. She also noted that the youth population make up the majority share of the fund, resulting in the fund’s continued growth.<\/p>\n

She also said that MPAO is currently exploring options to utilize innovative technology to expand the fund. The authority reports participation of 12,000 employees in the fund from both public and private sectors; which is from over 3,000 offices.<\/p>\n","protected":false},"excerpt":{"rendered":"

Maldives Pension Administration Office (MPAO) has revealed that the Maldives Pension Fund has reached a total of MVR 20.5 billion. During the “Maldives Financial Forum”, the authority presented statistics showing a collective increase in accrued pension rights, pension’s investment, Shari’ah funds, and housing funds. The accrued pension rights are the retirement benefits allowance provided to<\/p>\n","protected":false},"author":4,"featured_media":6170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1341,1342,1545],"class_list":{"0":"post-6169","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized","8":"tag-maldives-pension-administration-office","9":"tag-maldives-pension-fund","10":"tag-mpao"},"yoast_head":"\nMaldives Pension Fund reaches MVR 20.5 Bn - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=6169\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maldives Pension Fund reaches MVR 20.5 Bn - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Maldives Pension Administration Office (MPAO) has revealed that the Maldives Pension Fund has reached a total of MVR 20.5 billion. During the “Maldives Financial Forum”, the authority presented statistics showing a collective increase in accrued pension rights, pension’s investment, Shari’ah funds, and housing funds. The accrued pension rights are the retirement benefits allowance provided to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=6169\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T10:22:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/05\/366223_3_019d0930bc22dafee24c271e6198668e95ed9dbc-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"968\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=6169#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=6169\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Maldives Pension Fund reaches MVR 20.5 Bn\",\"datePublished\":\"2023-05-31T10:22:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=6169\"},\"wordCount\":179,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=6169#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/05\/366223_3_019d0930bc22dafee24c271e6198668e95ed9dbc-1.jpg\",\"keywords\":[\"Maldives Pension Administration Office\",\"Maldives Pension Fund\",\"MPAO\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=6169#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=6169\",\"url\":\"https:\/\/mbt.mv\/?p=6169\",\"name\":\"Maldives Pension Fund reaches MVR 20.5 Bn - 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