Macao Social Security Fund (FSS) Appoints Chan Pou Wan as President for 1-Year Term, Macao Social Security System Comprises of System Central Provident Fund (CPF) & $11 Billion Social Security Fund (FSS)
24th June | Hong Kong
Macao Social Security Fund (Fundo de Seguranca Social de Macau, FSS) has appointed Chan Pou Wan as President for a 1-year term. Macao social security system comprises of Central Provident Fund (CPF) & $11 billion Social Security Fund (FSS). Announcement (20/6/25): “Ms. Chan Pou Wan was sworn in today (20 June) as President of the Administrative Committee of the Social Security Fund (known as FSS in Macao), with the oath of office administered by the Secretary for Social Affairs and Culture, Ms. O Lam, and witnessed by the Chief of the Office of the Secretary for Social Affairs and Culture, Ms. Lin Yuan. Pursuant to Order No. 52/2025 issued by the Secretary for Social Affairs and Culture, Ms. Chan Pou Wan has been appointed President of the FSS Administrative Committee for a fixed term of one year, effective 20 June 2025. The inauguration ceremony took place in the Multi-Function Hall of the Government Headquarters. In her address, Ms. Chan Pou Wan expressed her gratitude to the Macao SAR Government for the trust in her. She pledged to strengthen team cohesion within the Social Security Fund, build upon past accomplishments, and ensure the full implementation of the administration’s policy directives. Upholding a people-centre principle, Ms. Chan is dedicated to pragmatic governance and the improvement of public welfare. She will continue to actively advance the development of the two-tier social security system, ensure the stable distribution of social security benefits, and conduct ongoing reviews of the implementation of the Non-Mandatory Central Provident Fund System. In addition, efforts will be directed towards exploring new service models to improve convenience for residents in obtaining social security services. Cross-border social security services will also be enhanced in response to evolving societal needs, thereby safeguarding the social security rights of all residents. Ms. Chan Pou Wan holds a Bachelor’s degree in Economics, specialising in International Finance, from Jinan University, a Bachelor’s degree in Public Administration from the University of East Asia in Macao, and a Master’s degree in Management, specialising in Educational Economics and Administration, from South China Normal University. She began her public service career in 1988, serving in the Education and Youth Development Bureau as well as the Land, Public Works and Transport Bureau. Since 2010, she has been the Vice-President of the FSS Administrative Committee. The inauguration ceremony was attended by advisers from the Office of the Secretary for Social Affairs and Culture, heads of government departments in the social and cultural sector, as well as officials and managerial staff from the FSS.” Social Security Fund – Social Security Fund – The Social Security Fund (abbreviated to FSS in Macao) of the Macao SAR Government 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 policies and measures in the field of social security and managing related resources. Established on 23 March 1990, the FSS at that time mainly provided social security for local employees. Through the implementation of Social Security System of Decree No. 84/89/M, financial subsidies for old age, unemployment, and illness were provided to local employees. With the development of society, the FSS continuously strived to expand social security coverage and carry out various service reforms, e.g. the FSS started to introduce voluntary contributions (people who had stopped working for others could continue to make contributions) and contributions for the self-employed workers since 1993, and some new benefits were added. In order to focus the functions and resources of FSS on old-age security, the granting of relief funds was transferred to Social Welfare Bureau in 2007; and the pension age was lowered in 2008 in response to social demands. Guaranteeing residents’ lives is the basis for social harmony and development, and building a relatively complete old-age security system is an important cornerstone. As the aging of society intensified, residents were increasingly in need of universal coverage. Thus, in November 2008, the SAR Government announced the “Social Security and Old-Age Pension System Reform Programme” — its core content was to build a two-tier social security system. That is to say, all Macao residents can obtain basic social security, especially old-age security, through the first tier (Social Security System), in order to improve the quality of life of residents, whereas the more comfortable life after retirement is supported by the second tier (Non-Mandatory Central Provident Fund System). Law No. 4/2010 (Social Security System) officially came into effect on 1 January 2011, and Law No. 7/2017 (Non-Mandatory Central Provident Fund System) was implemented on 1 January 2018. By this time, Macao’s two-tier social security system has entered a new milestone. In order to effectively implement the new functions, the new By-Law (Organization and Operations of the Social Security Fund) also came into effect on 18 July 2017. Improvement of the two-tier social security system and continuous enhancement of service quality are the focus of FSS, which is committed to maintaining the basic level of old-age security for residents and the sustainable development of social security system. At the same time, the FSS actively promotes the participation of employers, employees and individuals in the Non-Mandatory Central Provident Fund System, in order to strengthen the protection of residents’ life after retirement, and strives to provide residents with better and more convenient social security public services through the electronization of services.
“ Macao Social Security Fund (FSS) Appoints Chan Pou Wan as President for 1-Year Term, Macao Social Security System Comprises of System Central Provident Fund (CPF) & $11 Billion Social Security Fund (FSS) “
Macao Social Security Fund (FSS) Appoints Chan Pou Wan as President for 1-Year Term, Macao Social Security System Comprises of System Central Provident Fund (CPF) & $11 Billion Social Security Fund (FSS)
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