Maldives

Basic country data

  • Population 60 and over (2018)
  • 29,150
  • % of total
  • 6.6%
  • Population 60 and over (2050)
  • 163,634
  • % of total
  • 36.8%
  • Does the country have a social pension?
  • Yes
  • Region
  • South Asia
  • Income group
  • Upper middle income

Data on social pensions

Old-age Basic Pension

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Old-age Basic Pension
  • Year first social pension introduced
  • 2010
  • Legislative Underpinning
  • “Pension Act”

2015

Government of the Maldives: FAQs of the old-age basic pension (webpage)

Eligibility criteria

  • Age of eligibility
  • 65
  • Targeting approach
  • Pensions-tested
  • Detailed eligibility criteria
  • Not in the full time care of the state or in reciept of more than twice the amount of the basic pension from any other pension scheme. If recipient is in receipt of another pension below this threshold, the basic pension amount will be reduced by deducting 50% of the pension that is received.
  • References and notes

2015

Government of the Maldives: FAQs of the old-age basic pension (webpage)

Government of the Maldives: FAQs of the old-age basic pension (webpage)

Adequacy

  • Monthly benefit (local currency)
  • 2,300 Rufiyaa
  • US$
  • 150
  • % of GDP per capita
  • 21.3%
  • $ PPP
  • 235.8
  • % of $1.90 poverty line (PPP)
  • 408%
  • Local amount detailed/other benefits
  • The maximum amount is 2,300 Rufiyaa a month. This is adjusted if recipient has access to a second pension scheme. If recipient is in receipt of another pension below this threshold, the basic pension amount will be reduced by deducting 50% of the pension that is received.
  • References and notes

Coverage

Cost

Resources on the pension in Maldives

Social pensions database

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