🇲🇻 Maldives Pension Administration Office (MPAO)
Maldives Retirement Pension Scheme (MRPS) Calculator
Calculate statutory 7% employee and 7% employer MRPS contributions under Maldives Pension Act No. 8/2009, accumulated retirement capital, and projected monthly pension annuity.
⚡ Career Stage Presets
Pension Contribution Parameters
Projected Nest Egg at Age 65
MVR 3,842,650.00
Est. Monthly Annuity: MVR 21,348.00 / month
Statutory Contribution Schedule
| Employee Deduction (7%) | MVR 1,750.00 / mo |
| Employer Contribution (7%) | MVR 1,750.00 / mo |
| Total Monthly Inflow (14%) | MVR 3,500.00 / mo |
| Years Until Statutory Retirement (Age 65) | 30 Years |
| Total Projected Retirement Capital | MVR 3,842,650.00 |
Frequently Asked Questions
What is the statutory MRPS contribution rate in Maldives? ▼
Under the Maldives Pension Act (Law No. 8/2009), the mandatory contribution is 14% of the pensionable basic wage, split equally: 7% paid by the employee and 7% paid by the employer.
What is the official statutory retirement age in Maldives? ▼
The statutory retirement age in Maldives is 65 years. Employees may opt for early retirement from age 55 provided their accumulated pension balance meets the minimum payout threshold.
Who administers the Maldives Retirement Pension Scheme? ▼
The scheme is administered by the Maldives Pension Administration Office (MPAO), which manages Shari'ah-compliant investment portfolios for public and private sector contributors.
Can expatriate workers participate in the MRPS pension scheme? ▼
Under current statutory provisions, MRPS enrollment is mandatory for Maldivian citizens. Expatriate employees may participate voluntarily if agreed with their employer.
How is the monthly retirement pension annuity calculated? ▼
Upon reaching age 65, the accumulated capital balance (including compound investment returns) is converted into a monthly lifetime payout based on MPAO actuarial life expectancy tables.