The government of Macau enacted a Decree Law (No. 6/99/M) of Private Pension Funds on February 8, 1999 which became effective on January 1, 2003. The law was made to encourage employers to establish their pension plans in a legal environment. The Law protects both employers and employees and they benefit from a tax exemption if the pension plan is registered in AMCM. The government of Macau relies on these regulations to develop pension plans in Macau, justly, for everyone. The aim is to ensure that employees will have a better retirement life.
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