The Social Security Fund (FSS) is announcing today the list of Special Allocation from Budget Surplus for the Non-Mandatory Central Provident Fund System for 2024, with a total of 389,346 people included on the list this year, while 183,181 people were not included on the list.
Macau residents can check their names on the list via the “Macao One Account”, the fund’s website, self-service machine or the 24-hour interactive voice response hotline (2823 0230).
Objection statements and fund withdrawal applications for certain reasons can be filed via the Macao One Account, while at the same time residents may check their registration status of automatic withdrawal and whether they satisfy the eligibility requirements for automatic payment also via the Macao One Account or the fund’s website.
Individuals included on the list will be allocated MOP 7,000 without any formalities. For those allocated funds for the first time, they will be allocated a one-time incentive basic fund of MOP 10,000 at the same time.
A Macau permanent resident, who was 22 years of age or above in 2023 and was in the Macau SAR for at least 183 days within that year and still alive on 1 January this year, could be included in the list of Special Allocation from Budget Surplus for 2024.
Those who were not included on the list but were under legal circumstances can file an objection statement – among them, those who attended higher level courses outside the SAR, those who attained age 65 and habitually resided in mainland China, and those who worked outside Macau in order to support the main living expenses of relatives in Macau – via the Macao One Account.
For reasons other than the above, residents may go to one of the service points.
In order to protect the various social security rights and interests of Macau residents in the Guangdong-Macau In-Depth Cooperation Zone in Hengqin, according to law, situations such as going to the In-Depth Cooperation Zone on or after 1 March 2023 for study, employment, start a business or living can be considered as “humanitarian or other properly explained reasons” to file an objection statement.
In addition, the prescription for claiming the entitlement to allocation of funds for 2024 is three years, i.e. the right will expire on 31 December 2027, which will become invalid after this date.
Application for fund withdrawal this year will begin in August.
More than 70,000 senior citizens who have registered for automatic withdrawal and satisfy the eligibility requirements for automatic payment need not go through any formalities. They will receive a reminder text message (the message does not have any website link) on 20 June and the funds will be automatically deposited on 25 September, in the bank account that they are currently receiving old-age or disability pension.
For other people eligible for fund withdrawal, if they apply via the Macao One Account in August, the funds will also be deposited in their bank accounts on 25 September. For those who submit withdrawal applications in paper form, the funds will be deposited in their designated bank accounts as early as 23 October.
For more information visit the fund’s website or contact 2853 2850.
Source: FSS
Photo: Elina Sitnikova
COMMENTS