MPAO collects MVR 100 million in a month

For the first time in history, Maldives Pension Administration Office (MPAO) collected MVR 100 million as pension funds within a period of one month.

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Employees of Maldives Pension Administration Office at an event held to provide information about the Retirement Pension Scheme. PHOTO: MIHAARU

Shahudha Mohamed

2019-09-03 16:40:38

For the first time in history, Maldives Pension Administration Office (MPAO) collected MVR 100 million as pension funds within a period of one month.

According to the statistics publicised by the office, MPAO received a total of MVR 41.1 million from government authorities and state-run companies during August alone. During this time, private companies deposited funds worth MVR 58.8 million.

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