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2021-04-12 20:08:38
About Us

Brief Introduction

Social Security Fund (abbreviated to FSS in Macao) of the Government of the Macao SAR is a public legal person with administrative, financial and property autonomy.  Subordinate to the Secretariat for Social Affairs and Culture, the FSS is responsible for implementing various social security policies and measures and managing the related resources.

Established on 23 March 1990, the function of the FSS at that time was mainly to provide social security for local employees.  Through the implementation of Decree-Law No. 84/89/M (Social Security System), local employees were provided with financial aid when they are old, unemployed and sick.  With the development of society, the FSS has been committed to extending the coverage of social security and carrying out various service reforms.  Since 1993, it has successively introduced voluntary contributions (people who have stopped working for others can continue to make contributions) and contributions of self-employed workers, and added some new benefits.  In order to make the functions and resources of the FSS more concentrated on old-age security, the function of granting the relief funds was transferred to the Social Welfare Bureau in 2007, and the age to apply for old-age pension was lowered in 2008 to meet the aspirations of society.

The protection of the living of residents is the foundation of social harmony and development, and building a relatively complete old-age security system is an important cornerstone of it. As the society’s aging phenomenon intensifies, residents are increasingly in need of universal coverage. Thus in November 2008, the SAR Government announced the “Social Security and Old-Age Pension System Reform Programme”.  The core content was to build a two-tier social security system.  The first tier (Social Security System) allows all local residents to receive basic social security, especially old-age security, in order to improve the quality of life of residents, whereas a more comfortable retirement is supported by the second tier (Non-Mandatory Central Provident Fund System).

Law No. 4/2010 (Social Security System) came into effect on 1 January 2011 and Law No. 7/2017 (Non-Mandatory Central Provident Fund System) on 1 January 2018.  At this point, Macao’s two-tier social security system has entered a new milestone.  In order to effectively carry out the new functions, the new By-Law (Organization and Operations of the Social Security Fund) also came into effect on 18 July 2017.

In 2020, the Social Security Fund celebrated its 30th anniversary.  It will continue to strive to improve the two-tier social security system, ensure the sustainable development of a long-term and effective social security mechanism, and at the same time, actively promote the participation of more residents in the Non-Mandatory Central Provident Fund System and promote the mandatory implementation of the System in an orderly manner, thus further strengthening the protection of the living of Macao residents in their retirement.

Last updated: March 2021