Strong Governance Essential for Sustainable Social Security, says MPAO Chief Operating Officer

Effective governance is the cornerstone of sustainable and reliable social security systems, according to the Maldives Pension Administration Office (MPAO). Chief Operating Officer Mariyam Shiuna emphasized that the stability of these systems is vital for protecting future generations, including those not yet born. Speaking at the opening ceremony of a technical seminar hosted by the International Social Security Association (ISSA), Shiuna highlighted that the decisions made by social security institutions today create long-term legacies. She noted that institutional management must be strengthened through strategic planning and increased participation in pension schemes to ensure service quality and financial viability. Addressing the MPAO's specific mandate, Shiuna asserted that pension schemes and social security frameworks must remain stable and legally grounded. She argued that these systems should be insulated from shifts in government administration or policy changes to maintain their integrity. According to Shiuna, fostering a culture of transparency and accountability is critical for building public trust and ensuring effective management of funds. The ISSA seminar serves as a collaborative platform for policymakers and experts from 13 social security institutions across Asia to share regional experiences and tackle shared obstacles. Among the primary challenges discussed are the pressures of ageing populations, volatile labor market shifts, and broader economic instability. By engaging with regional peers, the MPAO aims to explore innovative solutions to these systemic risks. The seminar focuses on bridging the gap between current institutional capacities and the evolving needs of a changing demographic landscape, ensuring that the Maldivian social security net remains robust for years to come.