COLE BAY:--- The management and board of Algemeen Pensioenfonds Sint Maarten (APS) met with Minister of Finance Marinka Gumbs on Thursday, October 22, to discuss the pension fund’s proposed 2027 budget and options for expanding employer participation.
APS outlined its budget priorities and explained the assumptions underlying its financial projections. The meeting also provided an opportunity to address questions about the fund’s financial planning.
“The 2027 budget reflects APS’s continued focus on responsible financial planning and the sustainable administration of the Fund,” APS management stated. “We value the constructive dialogue with the Minister of Finance, as open communication and cooperation are essential when addressing matters that may affect APS and its stakeholders.”
Discussions also covered the legislative framework governing participation in APS, including the requirements for expanding employer participation and the potential implications for the fund and participating employers.
APS said the meeting formed part of its ongoing dialogue with the Government of St. Maarten on the fund’s operations, financial planning and long-term development.
The fund reaffirmed its commitment to transparent communication and continued cooperation with government and other stakeholders.
