Financial perks for former presidents scaled back
The regulation, which came into effect on Sunday, sets new limits on public funding for housing, health insurance and expenses on the former presidents’ secretariats
18 Oct 2016, 9:00 AM
The finance ministry introduced new rules scaling back financial perks for former presidents amid a bitter feud between the incumbent president, Abdulla Yameen, and his half-brother, former President Maumoon Abdul Gayoom.
The regulation, which came into effect on Sunday, sets new limits on public funding for housing, health insurance and expenses on the former presidents’ secretariats.
The monthly pension outlined 2009 Privileges for Former Presidents Act remains unchanged: presidents who had served more than one term is entitled to MVR75,000 (US$4864), while a president who served a single term is entitled to MVR50,000 (US$3,243).
The new rules lower the upper cap on some of the expenses that were left to the government’s discretion.
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