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Social Security Fund

Macau government decides to raise Social Security Fund

Macau government decides to raise Social Security Fund

The Social Security Fund (FSS) announced on Monday that the monthly dues paid by employers and employees will be increased from the current 45 patacas to 90 patacas from the beginning of next year, with the ratio that both sides contribute remaining unchanged at 1:2, despite a lack of consensus on the ratio. Addressing a press […]
Macau Fund proposes raising pensions, subsidies in July

Macau Fund proposes raising pensions, subsidies in July

Social Security Fund (FSS) President Ip Peng Kin announced on Monday that the fund is proposing an increase in various pensions and subsidies effective in July. According to Ip, the fund proposed on Monday that the old-age pension and disability pension be raised by 5.35 percent, from 3,180 to 3,350 patacas per month, while the […]
Macau government wants to raise social security dues

Macau government wants to raise social security dues

Social Security Fund (FSS) President Ip Peng Kin said on Wednesday that the government was proposing to increase the social security dues paid by the city’s employers and employees from the current 45 patacas to 90 patacas a month. Ip also said that once the proposed amount is agreed upon in the government-appointed Standing Council […]
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