How much can Macao get at the age of 60?

The elderly in Macao can receive a relatively high pension every month, and the elderly benefit more than 60 thousand a year.

The social security payment system in Macau is different from that in Chinese mainland. Macao residents need to pay social security compulsory. Individuals need to pay 15 yuan every month, and it is enough to pay social security for 60 months, that is, they need to pay social security for 5 years, and they can receive a pension after 65 years old. The social security payment amount has not changed since 1998.

From 1999 to 20 18, the total GDP of Macao increased from 50187 billion patacas to 444.67 billion patacas, and the per capita GDP reached 83,000 US dollars, ranking second in the world. Pensions in Macao are increasing every year. The old-age pension is increased from 1.998 to 3 1.80 yuan per month, and can be received at the rate of 75% five years in advance. Although this money is a drop in the bucket compared with the house price, the elderly can benefit more than 60 thousand yuan a year.

According to statistics, a 65-year-old man in Macao can receive more than 60,000 yuan in red envelopes from the government every year, including about 39,000 yuan in pension, 6,600 yuan in respect of the elderly, 8,000 yuan in cash (per permanent resident) and 6,000 yuan in savings. This doesn't include 600 yuan's medical vouchers, 5,000 yuan subsidy for further studies and 2,400 yuan subsidy for electricity for each household. At present, Macao's subsidies are higher than international standards. Internationally, it will be paid in advance in proportion to the application time until the end of life, while Macao will benefit only at the age of 80.