APS

APS – Algemeen Pensioenfonds Sint Maarten

APS is short for Algemeen Pensioenfonds Sint Maarten. APS executes the pension plan for employees of the government, institutions affiliated with the government and employees in a number of education institutions.

APS was established on 10 October 2010 after the creation of Sint Maarten as an independent country in the Kingdom of the Netherlands. APS is one of the legal successors of the Algemeen Pensioenfonds Nederlandse Antillen (APNA), which arranged these pensions prior to the constitutional reform.

APS is charged with the task to execute the Pensioenlandsverordening overheidsdienaren (PB 1997, no. 312) (National pension ordinance for civil servants (PB 1997, no. 312)).  APS is allowed to executive the pension plan of other public institutions within the Kingdom of the Netherlands provided that an agreement has been made for this and the board is authorized to execute this plan. APS is not allowed to manage a fund for manual workers. Neither is it allowed to conduct insurances other than pension. The daily management of the fund is the responsibility of two general managers who report to the board.

APS has a board of four members in which employers and employees are represented. There is an independent chair. The board members are appointed for a term of five years and can be reappointed. Before they are appointed, they are assessed by the Central Bank of Curacao and Sint Maarten, which is the supervisor of APS. In addition, APS comes under the control of the National Audit Office.

APS has nearly 2,700 active participants, nearly 600 former participants and more than 1.100 pensioners. Total assets of the fund stood at Afl. 681 million as of June 2019.

The senior’s pension is the pension that you receive from age 62 until you pass away. The senior’s pension is calculated based on your salary, the accrual percentage and the number of service years. Allowance is also made for the fact that you will receive AOV from the government.

For more information see: www.apsxm.org and via email:  info@apsxm.org

The applicationform can be downloaded from the website (look for ‘forms’)

https://www.apsxm.org/downloads/

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