Pension Office came into existence, under the Maldives Pension Act (Pension Act) which was ratified on 13th May 2009, as an independent legal entity.

The Pension Act mandates Pension Office to carry out the following functions:

• Administer and manage Pension Schemes established under the Pension Act
• Provide Retirement Pension
• Pay Old-Age Basic Pension
• Formulate regulations, standards and guidelines to operate schemes established under the Pension Act
• Conduct awareness programmes on schemes established under the Pension Act