In order to enhance the elderly's financial management ability and strengthen their awareness about retirement life planning, the Seniors Academy of Macao Polytechnic Institute (MPI) and Social Security Fund (FSS) of Macau SAR Government co-organized a "Happy Elderly" Financial Management Seminar at MPI. Functional Chief of Division of General Affairs of the Provident Fund System of FSS, Ms. Sou Ut Ngo, and Mr. Victor Lai, International Certified Financial Consultant were invited to be the speakers. Elderly students participated actively at the seminar. 

The seminar was started by Ms. Sou, who introduced the security provided to the elderly by the two-tier social security system of the Macau SAR government, including the first-tier social security system and the second-tier Non-Mandatory Central Provident Fund System, as well as procedures for withdrawing from the Central Provident Fund and the calculation method for withdrawing pension in advance. Then Mr. Victor Lai provided the elderly with correct financial management knowledge, including investment management strategies and differences in various investment tools, etc. He also kept up with the current events by introducing topics like retirement traps, anti-fraud methods for the elderly, financial tips under the epidemic, etc. The elderly students responded positively to the speakers’ questions and asked the speaker about their concerns about the social security system. The interaction at the seminar was good.

The elderly students thought the seminar was rich in content and highly interactive. It helped the elderly to easily understand the procedures for receiving pension, as well as possible risks of personal investment and financial management strategies. They hoped that the Seniors Academy will continue to hold different forms of financial management activities, providing the elderly with correct financial management knowledge so that they can learn to make good use of their wealth to enjoy their retirement life.