The Maldives Pension Administration Office (Pension Office) has reopened applications for the position of chairperson after receiving an insufficient number of submissions during the initial application period.
Initially, candidates were invited to apply from 29 April to 7 May. According to the Pension Office, those who submitted applications within this timeframe will not need to reapply. With the extended opportunity, applications may be submitted in person at the Pension Office or via the institution's official email. The deadline is set for 2 p.m. on 14 May.
The appointment process unfolds in several stages, beginning with the formation of a Selection Committee responsible for assessing applicants. From the pool of submissions, the committee will narrow the field to three shortlisted candidates. Once the shortlisting is complete, the Capital Market Development Authority (CMDA) will evaluate the selected individuals to ensure they meet all eligibility criteria. The final decision rests with the president, who will appoint the new chairperson.
Established in 2009, the Pension Office serves as the central authority overseeing the nation's pension schemes. The institution operates under the leadership of an eight-member board, which plays a crucial role in its governance.
The board consists of the chairperson, a senior representative from the CMDA, and a senior civil service official from the Ministry of Finance and Planning. Also serving on the board is a senior civil service representative from the Ministry of Social and Family Development, along with four members from the private sector who are unaffiliated with government positions.