Everyone who has worked and lived in Curaçao is entitled to a basic pension from the government. This is also known as the AOV. However, I advise you to arrange an additional pension plan that will provide you with more financial freedom.

An additional pension plan can be arrange independently by a person. But is also possible through the employer.

How is this pension plan structured and who is responsible for the costs?

An additional pension via the employer means that the employer has a collective pension agreement for its employees with an insurance and/or pension company. The contribution of a collective pension via the employer must legally amount to a minimum of 6% of the employee's monthly gross salary. However, every employer is free to stipulate a higher percentage.

Payment of the pension premium can be made in full (100%) by the employer or split with the employee. In the case of cost sharing, the employer is legally responsible for a minimum of 50% of the premium. Also here is a higher percentage possible, as long as the majority of the premium is paid by the employer.

Furthermore, the employee can also opt for savings options additional to the pension plan via the employer. This is possible by e.g.:

1. Increase of personal contribution to a maximum of 15%

2. Annual contribution of an amount of the vacation allowance

3. Increase of the monthly percentage of the monthly gross salary.

Therefore, an additional pension plan is possible in various ways. Visit our website for more information or make an appointment with me for a personalized advice without any obligation.

Don't wait too long, because later starts now.

I would like to help you.

Maurits Ras

Phone number : +599 9 662-8040

E-mail address: maurits.ras@myguardiangroup.com

Pension Specialist