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Non-Mandatory Central Provident Fund System  
 
 

Macau Pension Fund Management Company Limited is a subsidiary of Macau Insurance Company Limited, established in 2017. Being one of the leading companies in the Macau pension fund market, we are committed to providing our clients the best pension fund services.

Non-Mandatory Central Provident Fund System
This system came into force on 1 January 2018, aiming to strengthen the social protection for the residents of the Macao SAR in their old age after retirement. It consists of two main schemes. “Joint Provident Fund Scheme” and “Individual Provident Fund Scheme”.


Central Provident Fund - Joint Provident Fund Scheme
  • Employers set up the Central Provident Fund Joint Provident Fund Scheme (CPF Joint Scheme) and the Employees join the CPF Joint Scheme voluntarily. 
  • Employer has decision making on which Management Company to provide the pension service. Employer and Employee have their own options to select their fund allocation separately.
  • Employer and Employee pay the monthly contribution at 5% of basic salary, the monthly contribution base towards the CPF Joint Scheme with upper and lower limit. (According to Article 26(4) of CPF Law No. 7/2017.)
  • Upon the cessation of the employment relationship, the Employee shall be entitled to receive the vested balance determined by the vesting scale set by the Employer, the vested balance will only be allowed to withdraw at Employee’s retirement age.
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