APS 2020 annual report shows a robust and future ready pension fund. | SMN NEWS

PHILIPSBURG:— For the third consecutive year, Algemeen Pensioenfonds Sint Maarten (APS) has finalized and submitted its annual report, four (4) months ahead of the legally binding annual deadline. The 2020 annual report is now available via www.apsxm.org. Exceeding the year-end performance targets, APS closed 2020 with a coverage ratio of 101.93%, which means the Funds’ reserves are more than enough to guarantee the payment of future pensions, in spite of the COVID-19 crisis. On the investment side, an overall return of investments of 7% was realized, noting another well-performing year for the pension fund.

 This positive result ...

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