Pension expense becoming ‘unsustainable’

2 days ago

Pension payments currently cost around MVR 100 million per month, with the figure expected to rise to “unsustainable” levels by 2030, says Sujatha Haleem, the CEO of Maldives Pension Administration Office. The Parliament’s Public Accounts Committee, which is conducting an inquiry into double pension, met with officials from the Pension Office and the Civil Service Commission on Monday. At the meeting, Sujatha