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.

Targeting and eligiblity

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

Coverage and other information

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
Payment/delivery frequency
[5] ADB. 2012. Republic of the Maldives: Updating and Improving the Social Protection Index. Asian Development Bank.
Benefit delivery mechanism
Minimum and maximum duration of benefits (if any)