The Social Security Fund (abbreviated to FSS in Macao) announced that the interest income for the year 2019 had already been credited to the non-mandatory central provident fund system’s government-managed sub-accounts on 9th January, at an annual interest rate of about 3.057%. From now on, residents can check their account balance through the FSS’ website at www.fss.gov.mo, or the 24-hour interactive voice response hotline 2823 0230.
The interest income for the government-managed sub-accounts is generated by the time deposit of banks, which is calculated on a daily basis. The interest income, being distributed once a year, is calculated based on the daily balance of the account owner’s government-managed sub-account during the income calculation period and the number of days the balance stays in the sub-account. If an account owner is eligible for special allocations from budget surplus since 2010 and he/she has never transferred out, transferred in or withdrawn funds from his/her government-managed sub-account, he/she will be distributed an interest of 2,207 patacas for the year 2019, and the accumulated appropriation and interest income will total 77,850 patacas.
By participating in the joint provident fund scheme or individual provident fund scheme of the non-mandatory central provident fund system, residents can also transfer the balance of the government-managed sub-account to the contribution sub-account or preserved sub-account for investment appreciation.
For more information about the income distribution of the government-managed sub-account, members of the public can visit the FSS’ website at www.fss.gov.mo, or call 2853 2850 during office hours for enquires.