APC coverage ratio close to 100 percent
WILLEMSTAD - The coverage ratio of the General Pension Fund (APC) was by the end of 2015, almost 100%. There is still not enough money to pay all pensions.
But, according to the APC, the situation is better than half a year before. The recent amendment to the Civil Service pension arrangement should make the financial position of the pension fund better this year.
The aim is to achieve a minimum coverage ratio of 105%. Then there is some reserve for the case it doesn’t go quite right with the investments.