General Pension Fund of St. Maarten makes first payments today

POSTED: 01/20/12 1:04 PM

St. Maarten – The General Pension Fund of St. Maarten (APS) will make its first pension payment today using the same regulations that were used by the General Pension Fund Netherlands Antilles (APNA). Payments between October 10, 2010 and December 31, 2011 were administered by APNA’s successor in Willemstad – General Pension Fund Curacao. That arrangement is now terminated and the service is being transferred to APS.
“We are proud to be taking this step forward and consider it an important milestone for our organization,” APS director Kendra Arnell said.
Next to the payment, which is deposited in the beneficiary’s bank account, each person will receive a statement with a breakdown of their pension by mail. The statement will provide information on the gross and net pension amount and on withholdings for wage tax, health insurance and other social premiums. The statement will look different but essentially conveys the same information as previous statements. APS does not anticipate that beneficiaries will see any changes in the pensions they receive.
“We have been and are working closely with APC to ensure a seamless transition,” Arnell said.
APS was established by law as per October 10, 2010 when the former Netherlands Antilles was dissolved and St/ Maarten became a country within the Kingdom of the Netherlands. APS is now responsible for the execution of the National Pension Fund Ordinance of St. Maarten.
Persons who have questions pertaining to the payments can contact the APS by calling telephone number 543 0003 or by email. APS’ e-mail address is info@apsxm.org.

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