The Old Age Basic Pension Scheme (BP) is a lifelong inflation indexed pension benefit, fully funded by the government, provided to all Maldivian Citizens who have reached the age of 65, subject to meeting the eligibility criteria of the scheme.

From March 2019, Basic Pension Amount is MVR 5000. For pensioners receiving pension from Maldives Retirement Pension Scheme (MRPS) and other state funded pension schemes, the following deductions are made from their Basic Pension Amount:

• 50% of amount received from MRPS

• 100% of other pension amount