Maldives Retirement Pension Scheme (MRPS) is a contributory Pension Scheme introduced under the Pension Act of Maldives. The primary objective of this scheme is to ensure that individuals save during employment to cater for their livelihood in retirement. Presently, the Pension Act mandates a monthly contribution of 14% of the pensionable wage of the employee and allows voluntary contributions. Contributions collected is invested to increase its value and maximize savings for retirement. Contributions to the scheme stops at the age of 65 years and members may start to drawdown on the pension plan at this age. The amount individuals receive as pension through this scheme depends on the balance in their Retirement Savings Account.