The Social Security Fund (FSS) announced yesterday 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 conference at the fund’s office, FSS President Iong Kong Io said the dues would continue to be split 1:2 whereby employees will pay 30 patacas and employers 60 patacas a month, starting from January 1 next year.
The last time the dues were raised was in 1998, from the initial 30 patacas to 45 patacas.
Social Security Fund (FSS) President Iong Kong Io addresses yesterday’s press conference about an increase in the monthly dues at the fund’s office. Photo: Debby Seng
