The second phase of fund withdrawal application for this year’s special allocation from budget surplus for individual accounts of the non-mandatory central provident fund system has commenced. Starting today, eligible seniors between age 65 and 74 can apply to the Social Security Fund (abbreviated to FSS in Macao) for withdrawal of funds. Applicants can register for Automatic Withdrawal of Funds at the same time, and the money will be transferred on 27th November at the earliest for approved applications.
Since last month, the FSS has been accepting the fund withdrawal applications from eligible individual account owners of the non-mandatory central provident fund system in stages by age. So far, a total of 35,556 application forms have been received. Among those who have submitted applications and are approved, seniors who are aged 75 years or older, individuals who have been receiving disability pension from the FSS for more than one year, and those currently receiving special disability subsidy from the Social Welfare Bureau will receive the money on 23rd October by bank transfer.
Starting today, for seniors aged between 65 and 74 who are included in the list, they will receive an application form for fund withdrawal mailed by the FSS. The above-mentioned applicants can apply through self-service machines located at all districts of Macao, or submit the completed application forms to the following locations, and the money will be transferred on 27th November at the earliest:
- Temporary office of the FSS at Tap Seac;
- Macao Government Services Centre at Areia Preta;
- Macao Government Services Centre in Islands;
- Six Public Services Centres and Stations under Municipal Affairs Bureau at Northern, Central and Islands Districts;
- Three Social Service Centres (Tamagnini Barbosa, Ilha Verde and Patane) under the SWB (Provide service until 30th September)
- Ha Wan Baptist Church Social Service Centre (Provide service until 30th September)
In addition, starting this year, account owners who are 65 years old or older and are currently receiving old-age or disability pension from the FSS can simultaneously register for automatic withdrawal of funds when applying for fund withdrawal, so that beginning from the year that immediately follows the year of registration, the special allocation from budget surplus for the year and all the income will be deposited directly into the bank account where the account owner receives old-age or disability pension provided that he/she meets the requirements for automatic payment in the year when there is fund allocation.
Account owners can withdraw funds from their individual accounts only once a year. To check the name list of special allocation from 2019 budget surplus for the non-mandatory central provident fund system or to learn more information, members of the public may visit the FSS website at www.fss.gov.mo, or call 2853 2850 during office hours for enquiries.