Sands China Offering Central Provident Fund System to Local Team Members
Option to enrol in retirement savings scheme begins July 1
(Macao,
May
27, 2019) –
Sands China Ltd. has
announced that its local team members can
enrol in the government-promoted
Non-Mandatory Central Provident Fund (CPF)
System beginning July 1, 2019.
Local team members who join the company from
July 1 onward will have the option to sign
up for the retirement savings scheme, while
current local team members can choose to
transfer to the new CPF system or remain in
the company’s current provident fund scheme.
Recognising that its team members are the
company’s greatest asset, Sands China
continues to place great importance on their
well-being. Sands China was the first
integrated resort operator in Macao to offer
a provident fund scheme for its team
members, and the company’s introduction of
the non-mandatory CPF option is part of its
ongoing efforts to strengthen the company’s
comprehensive benefits scheme by enhancing
team members’ retirement
protection.