FSS Clarifies that Account Owners Generally Need to be at least Age 65 to Withdraw Allocated Funds from the Non-Mandatory Central Provident Fund


Regarding the erroneous message circulating about the fund withdrawal of special allocation from budget surplus for the non-mandatory central provident fund, the Social Security Fund (abbreviated to FSS in Macao) clarified that account owners generally need to be at least age 65 to apply for withdrawal of funds. The related appropriation has been for 11 consecutive years, and the appropriation is not a financial assistance measure for the novel coronavirus pandemic.

This year’s special allocation from budget surplus for the non-mandatory central provident fund is 7,000 patacas. The allocated funds will be directly deposited in the non-mandatory central provident fund’s government-managed sub-accounts of eligible Macao residents. Generally speaking, seniors need to be at least 65 years of age to apply for fund withdrawal.

Members of the public who have enquiries about the formalities may visit the FSS's website at www.fss.gov.mo, or call 2853 2850 during office hours.

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