All resorts subscribed to pension scheme

The Maldives Pension Administration Office has subscribed every resort in the Maldives to the government’s new pension scheme with the recent inclusion of Lily Beach Resort and Island Hideaway at Dhonakulhi, reports Haveeru.

Employers will be obligated to allocate pensions for privately employed local workers from May, and will face fines for non-compliance.

“We are now calling noteworthy companies out of those that haven’t participated in the scheme. There are also some companies that have registered but not enlisted employees in the scheme,” Haveeru reported Pension Office Director Ismail Shujau as saying.