WILLEMSTAD – Although the Algemeen Pensioenfonds van Curaçao (APC) remains in a strong financial position, pensioners will not receive regular indexation in 2026 because the government has decided not to increase civil servants' salaries.
According to APC's 2025 Annual Report, the pension fund's funding ratio of 115.6 percent provides sufficient financial room for pension indexation. However, under the current pension framework, regular pension increases are linked to salary adjustments for civil servants.
Because the government decided not to index civil servants' salaries as of January 1, 2026, regular pension indexation will likewise not take place.
APC announced that it is currently examining whether catch-up indexation could be granted for pension increases that were not awarded, or only partially awarded, in previous years.
The pension fund also addressed recent media reports concerning APC Bank, stressing that the bank remains financially healthy.
According to APC, the bank has sufficient financial resources to meet all of its obligations and there are no circumstances threatening its stability or continuity.
The institution noted that APC Bank continues to operate under the supervision of the Central Bank of Curaçao and Sint Maarten (CBCS) and complies with all applicable banking laws and regulations.
APC emphasized that the financial position of APC Bank has no impact on pension accrual or pension payments, which continue to be administered normally by the pension fund.