EC Revises Retirement Guidelines Paving Way for Retirement of Four Members

The Elections Commission (EC) revised its retirement guidelines on 28 February 2024, allowing staff with 15 years of service to retire at 55, and commission members with at least 10 years of cumulative service (including prior staff service) to retire regardless of age. The guidelines set monthly remuneration for commission members at MVR 40,000, with additional allowances for the Chairman and Vice Chairman. The revision makes four members eligible for retirement: Chairman Fuwad Thowfeek, Vice Chairman Ismail Habeeb, and members Mohamed Asif and Ali Nashaath. Habeeb, who previously served as a staff member, is nearing the end of his second five-year term on Wednesday. Retirees receive a lump sum based on last salary and years of service (max 15 years), plus a monthly pension of 75% of last salary for life. Other independent institutions have petitioned Parliament to enact a law on retirement packages, but Parliament has not addressed it.

The Elections Commission (EC) revised its retirement guidelines on 28 February 2024, allowing staff with 15 years of service to retire at 55, and commission members with at least 10 years of cumulative service (including prior staff service) to retire regardless of age. The guidelines set monthly remuneration for commission members at MVR 40,000, with additional allowances for the Chairman and Vice Chairman. The revision makes four members eligible for retirement: Chairman Fuwad Thowfeek, Vice Chairman Ismail Habeeb, and members Mohamed Asif and Ali Nashaath. Habeeb, who previously served as a staff member, is nearing the end of his second five-year term on Wednesday. Retirees receive a lump sum based on last salary and years of service (max 15 years), plus a monthly pension of 75% of last salary for life. Other independent institutions have petitioned Parliament to enact a law on retirement packages, but Parliament has not addressed it.

The Elections Commission (EC) revised its retirement guidelines on 28 February 2024, allowing staff with 15 years of service to retire at 55, and commission members with at least 10 years of cumulative service (including prior staff service) to retire regardless of age. The guidelines set monthly remuneration for commission members at MVR 40,000, with additional allowances for the Chairman and Vice Chairman. The revision makes four members eligible for retirement: Chairman Fuwad Thowfeek, Vice Chairman Ismail Habeeb, and members Mohamed Asif and Ali Nashaath. Habeeb, who previously served as a staff member, is nearing the end of his second five-year term on Wednesday. Retirees receive a lump sum based on last salary and years of service (max 15 years), plus a monthly pension of 75% of last salary for life. Other independent institutions have petitioned Parliament to enact a law on retirement packages, but Parliament has not addressed it.

This story involves 1 source and may affect public understanding of retirement guidelines / staff retirement.