WILLEMSTAD – The General Pension Fund of Curaçao (APC) has announced a 0.7% pension indexation effective January 1, 2024. This decision follows the fulfillment of indexation requirements, including the adjustment of government employees’ salaries as of January 1, 2024, and a funding ratio exceeding 105% at the end of 2023.
The indexation aims to preserve the purchasing power of APC’s participants and retirees, ensuring financial stability for all involved. The adjustment will be applied retroactively, reflecting APC’s commitment to the financial well-being of its beneficiaries.
Timeline for Implementation
The indexation for most retirees will be processed with the January 2025 pension payment. However, two groups will experience a delay:
Retired government employees who retired on or after January 1, 2019.
Non-government retirees who retired during 2024.
For these groups, indexation will be implemented starting February 2025 and in subsequent months.
Communication and Updates
APC has begun notifying its retirees about the indexation decision. All retirees will receive a formal letter regarding the adjustment. The indexation will also apply to accrued pension rights of active participants and deferred members (“slapers”). APC plans to provide specific updates to these groups soon regarding the implementation in their pension entitlements.
Participants are encouraged to monitor the APC website for further updates and details about the process.