The government projects that the local pension system’s cumulative funding shortfall will reach MOP8.986 billion between 2027 and 2031. By the end of June, a total of 6,577 recurring benefit payments had been issued, including 6,056 retirement pensions and 521 survivor’s pensions. Wong Kit Cheng said the government explained that, under the proposed procedure, the Pension Fund would submit information on its funding deficit at the end of each year. Similar to the government’s annual cash handout program of MOP7,000 for residents, the funding injection would be linked to the budget surplus. In years without a surplus, the transfer would also be suspended, as occurred during the COVID-19 pandemic.