Wealthy to be exempt from MVR 5,000 old-age allowance

5 days ago

The Maldivian administration has made the decision to exempt individuals belonging to high income groups from the old-age basic pension of MVR 5,000 that is currently paid monthly to all Maldivian citizens above the age of 65. The proposed change is part of a string of reforms the government plans to implement next year to cut down spending. According to the 2025