PHILIPSBURG:— July 25nd, 2019. The General Audit Chamber submitted its report entitled “Auditing the investment process of the General Pension Fund” (Algemeen Pensioenfonds Sint Maarten – APS) to Parliament on July 25nd, 2019. The report addresses findings and conclusions resulting from the review of the pension fund’s investment process for the period of 2017 up until June 2018.
APS collects pension premiums that the fund subsequently invests. Investing is necessary to ensure that APS can pay the promised future pensions. It is important that the process of investment and the management thereof are properly structured and carefully executed. It is