The total Capital of APNA was on October 9th, 4,343 million Antillean guilders.
As agreed between Netherlands, Sint Maarten, Curaçao and the Netherlands Antilles the total assets and pension obligations of APNA on the date prior to the dismantlement is divided between Netherlands, Sint Maarten and Curaçao according to an allocation key. This allocation key takes into account the share of a country in the estate of APNA based on the relation between the sum of the pension reserve as per October 9th 2010 of all the participants that upon October 10th pertained to that country and the total pension reserve of all participants of APNA as per October 9th 2010.
Meanwhile the total assets of APNA have been divided and paid out to Sint Maarten and the Netherlands to the amount of ANG. 291,594,000 respectively ANG. 241,607,000. Upon finalizing the estate balance sheet of APNA of October 9th 2010 the final division and transfer of assets of APNA to Sint Maarten and the Netherlands will be completed. The countries Sint Maarten, Curaçao and Netherland instituted their own pension fund for civil servants. The allocation of the APNA participants to the respective pension funds of the new countries is also completed. By agreement between Algemeen Pensioenfonds van Sint Maarten (APS) and Algemeen Pensioenfonds van Curaçao (APC), the latter pension fund continued providing pension administration services and services with regard to the pension payment to APS. Since January 2012 APS is providing full services to its participants concluding the services of APC to APS. As of July 1st 2012 the APC office on Sint Maarten will be closed down permanently.
We are grateful to our officers, Mrs. Marelva Daniels and Mrs. Yolande Arrindell who for so many years has served APNA and civil servants and pensioners on Sint Maarten so well.
We are also grateful for having been part of the Sint Maarten community, and hope to be able to continue strong ties with this community in the future.