Clarification on the status of expatriate members of Maldives Retirement Pension Scheme (MRPS)

The Maldives Retirement Pension Scheme (MRPS) is administered under the Pension Act of the Maldives. The Act mandates the participation of all employees including foreigners.

Under the first amendment made to The Pension Act, mandatory participation for the foreigners has been delayed up to 3 years impending the regulation for their participation as well as a mechanism for their payouts.

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Published Date : Jul 20th 2013, 13:05
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