Macao SAR Government Portal
News
A New Measure for Special Allocation from Budget Surplus FSS Pension Beneficiaries Aged 65 or Older can Register for Automatic Deposit of Funds
In order to facilitate senior citizens to withdraw the funds allocated by the government, on 1st August this year, the Social Security Fund (abbreviated to FSS in Macao) will introduce a new measure － “Registration for Automatic Withdrawal of Funds for the Non-Mandatory Central Provident Fund System Special Allocation from Budget Surplus” (hereinafter referred to as “Automatic Withdrawal of Funds”). Account owners who are at least 65 years of age and are currently receiving old-age or disability pension from the FSS can register for automatic withdrawal of funds at the same time they apply for fund withdrawal. Starting from the year that immediately follows the year of registration, as long as there is fund allocation in the year concerned and the account owner also meets the relevant requirements, the funds of the year and all the income will be automatically deposited into the bank account where the account owner receives old-age or disability pension. The senior citizen does not need to apply for fund withdrawal every year.
…
All information on this site is based on the official language of the Macao Special Administrative Region. The English version is the translation from the Chinese originals and is provided for reference only. If you find that some of the contents do not have an English version, please refer to the Traditional Chinese or Portuguese versions.