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Last updated: 25/1/2019

Programme Details

Programme objectives

The objectives of the Old Age Basic Pension (OABP) programme is to serve as a safety net for the elderly.

References
[2] MPAO. n.d. Basic Pension. Maldives Pension Administration Office website. <https://bit.ly/2yPJU3h>. Accessed 16 May 2018.
Start date
2009
References
[1] ILO. 2016. Universal Social Protection: Universal old-age pensions in Maldive. International Labour Organization. <https://bit.ly/2Cvk2gN>. Accessed 16 May 2018.
Coverage
16,321 recipients (2016)
References
[6] MFT. 2017. Number of benficiaries by pension scheme and sex 2015 – 2016. National Bureau of Statistics. <https://bit.ly/2Ahn9r0>. Accessed 16 May 2018.
Programme expenditure
Expenditures MVR 435,251,368 (2017)
References
[8] MFT. 2017. Amount of person paid out under different schemes 2016 – 2017’. National Bureau of Statistics. <http://statisticsmaldives.gov.mv/yearbook/2018/wp-content/uploads/sites/5/2018/05/18.1.pdf>. Accessed 18 January 2019. [9] Arruda, P.; Markhof, Y.; Franciscon, I.; Silva, W. and Bilo, C. 2020. Overview of non-contributory social protection programmes in South Asia from a child and equity perspective. Research Report No. 46. International Policy Centre for Inclusive Growth and UNICEF Regional Office for South Asia. <https://socialprotection.org/discover/publications/overview-non-contributory-social-protection-programmes-south-asia-child-and>. Accessed 22 February 2021.

Targeting and eligiblity

Targeting methods
Categorical Targeting
References
[9] Arruda, P.; Markhof, Y.; Franciscon, I.; Silva, W. and Bilo, C. 2020. Overview of non-contributory social protection programmes in South Asia from a child and equity perspective. Research Report No. 46. International Policy Centre for Inclusive Growth and UNICEF Regional Office for South Asia. <https://socialprotection.org/discover/publications/overview-non-contributory-social-protection-programmes-south-asia-child-and>. Accessed 22 February 2021.
Targeted areas
Nationwide
References
[3] MPAO. n.d. “FAQs of Old-Age Basic Pension”. Maldives Pension Administration Office website. <https://bit.ly/2CSiwq6>. Accessed 16 May 2018.
Target groups
Elderly
References
[9] Arruda, P.; Markhof, Y.; Franciscon, I.; Silva, W. and Bilo, C. 2020. Overview of non-contributory social protection programmes in South Asia from a child and equity perspective. Research Report No. 46. International Policy Centre for Inclusive Growth and UNICEF Regional Office for South Asia. <https://socialprotection.org/discover/publications/overview-non-contributory-social-protection-programmes-south-asia-child-and>. Accessed 22 February 2021.
Eligibility criteria
All Maldivians aged 65 and above who reside in the country, are not in full time care in State facilities and do not receive more than twice the amount of the OABP from any other pension scheme
References
[3] MPAO. n.d. “FAQs of Old-Age Basic Pension”. Maldives Pension Administration Office website. <https://bit.ly/2CSiwq6>. Accessed 16 May 2018.

Coverage and other information

Type of benefits
Cash
References
[9] Arruda, P.; Markhof, Y.; Franciscon, I.; Silva, W. and Bilo, C. 2020. Overview of non-contributory social protection programmes in South Asia from a child and equity perspective. Research Report No. 46. International Policy Centre for Inclusive Growth and UNICEF Regional Office for South Asia. <https://socialprotection.org/discover/publications/overview-non-contributory-social-protection-programmes-south-asia-child-and>. Accessed 22 February 2021.
Amount of benefits
MVR2,300 (around USD150) in 2015, except for pensioners receiving another pension income, whose basic pension is then reduced by 50 per cent of the other pension’s value
References
[3] MPAO. n.d. “FAQs of Old-Age Basic Pension”. Maldives Pension Administration Office website. <https://bit.ly/2CSiwq6>. Accessed 16 May 2018. [4] Pension Watch. n.d. Maldives. Pension Watch website. <https://bit.ly/2Ox77Cc>. Accessed 16 May 2018.
Payment/delivery frequency
Monthly
References
[5] ADB. 2012. Republic of the Maldives: Updating and Improving the Social Protection Index. Asian Development Bank.
Benefit delivery mechanism
The pension is deposited in the beneficiaries' bank accounts
References
[3] MPAO. n.d. “FAQs of Old-Age Basic Pension”. Maldives Pension Administration Office website. <https://bit.ly/2CSiwq6>. Accessed 16 May 2018.
Benefit recipients
Beneficiaries themselves
References
[3] MPAO. n.d. “FAQs of Old-Age Basic Pension”. Maldives Pension Administration Office website. <https://bit.ly/2CSiwq6>. Accessed 16 May 2018.
Minimum and maximum duration of benefits (if any)
The pension lasts for the lifetime of the beneficiaries
References
[3] MPAO. n.d. “FAQs of Old-Age Basic Pension”. Maldives Pension Administration Office website. <https://bit.ly/2CSiwq6>. Accessed 16 May 2018.

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