The Social Security Fund (abbreviated to FSS in Macao) will make payments tomorrow (23 November) to 31,386 applicants of the second phase, who are eligible for the withdrawal of funds of the provident fund individual accounts.  The FSS has started to send letters or mobile text messages (SMS) to inform the above individuals of the outcome of their applications.

Under the relevant law, provident fund individual account owners eligible for the withdrawal of funds can withdraw funds from their individual accounts once a year.  This year, the FSS continued to accept applications from individuals in phases by age group.  The applicants of the first phase already received the money last month.  The FSS has basically completed the vetting of the withdrawal applications submitted by elders aged between 65 and 74, and the money will be transferred tomorrow (23 November) to bank accounts designated by these eligible applicants.  The remaining cases, which are still being processed because of incomplete information on the application forms or additional documents are required, the FSS will get them processed as soon as possible after receiving all the required documents from the related applicants.

In addition, according to the relevant law, the prescription of asserting the right to receive the special allocation from budget surplus is three years (counting from 31 December of the year of fund allocation).  Therefore, for those who are not on the list of fund allocation for 2014, they should file to the FSS on or before 31 December this year if they want to assert their right to the allocation of funds.  Please note that late filing will not be accepted.

To get more information about the provident fund individual accounts, visit the website of the FSS at www.fss.gov.mo/en/eservice/r1-2017, call the 24-hour interactive voice response hotline at 2823 0230, or call 2853 2850 during office hours for enquiries.