SVB to conduct Pension Control in November

Philipsburg:--The Social Insurance Bank on St. Maarten is planning to verify all data in their system for pensioners. The management of SVB has taken a decision to do the verification on Saturdays, they have sent out a letter of invitation to all pensioners to visit their offices

"We have divided the more than 2700 pensioners in 4 groups that have to control on the date mentioned in their invitation. The controls will be on the following Saturday November 1st, 8th, 15th and 22nd, 2008 at the SVB office at W. A. Nisbeth Road 1 between 8:00 a.m. and 4:00 p.m. It is important to know that the pensioner must appear in person and bring along the invitation as well as their identification card or passport."

The reason of the control is to verify the status of the individual pensioner as to their address, country of residence, marital status, persons with power of attorney and most importantly if they are still alive.

This is the first round of pension control that is being held. Pensioners who do not present themselves at the SVB office on the requested date will be invited in a second round of control. If after the second round of control the pensioner still doesn't appear or reacts to the invitation their pension will be blocked until the pensioner contact the SVB.

The full rights to pension benefit can only be achieved if the pensioner is physically living in the Netherlands Antilles (in this case Dutch St. Maarten). If the pensioner is living abroad then the pension benefit will be reduced. This is in regard to the transitory arrangement in Federal Ordinance General Old Age Insurance P.B. 1960 no. 83 article 40 to 43. Article 43 states that for a pensioner to derive any rights according to the transitory arrangement one must be of the Dutch nationality and residing in the Netherlands Antilles.