Aps Announces Third Consecutive Pension Increase and Surpasses Cg 1 Billion in Assets

Tap to zoom
AI Summary
The Algemeen Pensioenfonds Sint Maarten (APS) announced a 0.92% pension increase, marking the third consecutive year for such an adjustment. This increase, based on consumer price index data, aims to preserve pensioners' purchasing power and is supported by the fund's 116.23% coverage ratio. The adjusted pension will be paid in July 2026, retroactive to January 2026. On June 11 in Philipsburg, Sint Maarten, APS also presented a clean audit report to the Minister of Finance, highlighting its strong financial performance. Additionally, the fund announced it has surpassed Cg 1 billion in total assets. Future indexation will depend on the fund’s financial health and economic conditions.
Continue reading at Sint Maarten Government News
Details
You might also like...
More from Government
Sint Maarten Government News•
Minister Plenipotentiary Arrindell attends International Day for Dialogue Among Civilizations

Sint Maarten Government News•
Minister Tackling Strengthens Justice Cooperation During Working Visit to the Netherlands
Sint Maarten Government News•
Justice Partners Unite to Strengthen Public Safety and Enforcement Efforts
Upcoming Events
More Events
Business
in about 21 hoursFinancial skills smarter decisions stronger business
Monday, June 22 · 7 sessions
St. Maarten Chamber of Commerce & Industry

Business
in 2 daysBuild a Brand People Notice, Trust & Buy From: Advanced Training in Public Relations & Social Media Marketing
Tuesday, June 23 · 7 sessions
St. Maarten Chamber of Commerce & Industry

Arts & Culture
in 3 daysAfka Afro Karibe Festival
Thursday, June 25 · 2 sessions
Sint Maarten