Muizzu Advocates for Pension Fund Reform

Opposition presidential candidate Dr Mohamed Muizzu, speaking in Mahibadhoo, Alifu Dhaalu Atoll, advocated for pension fund reform. He criticized the current management of the MVR 20 billion fund, which receives MVR 100 million annually from 7% contributions from employees and employers. Muizzu proposed using the fund for home construction, overseas education, and entrepreneurship, and allowing access after ten years of contributions instead of retirement age. He pledged to work with parliament to change the law.

Opposition presidential candidate Dr Mohamed Muizzu, speaking in Mahibadhoo, Alifu Dhaalu Atoll, advocated for pension fund reform. He criticized the current management of the MVR 20 billion fund, which receives MVR 100 million annually from 7% contributions from employees and employers. Muizzu proposed using the fund for home construction, overseas education, and entrepreneurship, and allowing access after ten years of contributions instead of retirement age. He pledged to work with parliament to change the law.

Opposition presidential candidate Dr Mohamed Muizzu, speaking in Mahibadhoo, Alifu Dhaalu Atoll, advocated for pension fund reform. He criticized the current management of the MVR 20 billion fund, which receives MVR 100 million annually from 7% contributions from employees and employers. Muizzu proposed using the fund for home construction, overseas education, and entrepreneurship, and allowing access after ten years of contributions instead of retirement age. He pledged to work with parliament to change the law.

This story involves 1 source and may affect public understanding of economy / politics.