PHILIPSBURG:--- PSS, the workers Union, and Henderson Insurances met at the Premises of the Post Office on Friday (February 21, 2014) afternoon for a brief celebration to mark the signing of the Employees' Pension Plan.
This is a very significant day for all stakeholders and beneficiaries to this plan since the signing of this Pension Plan secures one of the most significant labor rights positions of employees at PSS.
Amongst many other steps since the separation of the Netherlands Antilles, Postal Services had the responsibility to take care of its employees as far as pension benefits are concerned.
The process commenced some months ago and Henderson Insurances was included in the process of tailoring a Plan that would meet the specific needs of Postal Services.
The Plan is meant to provide a reasonable standard of living for the employees beyond retirement age, but is also Flexible to allow for early retirement at age 55 or for those who are willing to work beyond the pensionable age (providing this happens with the employers consent) to build up pension capital until age 65.
The Plan will enable the employees to have an additional income to the Governments' general old age pension "AOV" which is now Nafls. 1000.00 maximum (gross) per month.
The Nafls. 1000.00 AOV is subject to someone being a citizen for 45 years.
Since Country Status, it goes without saying that the count (45 yrs) will start from the days of the Netherlands Antilles including when Aruba was part of the constellation.
Those persons being registered for a shorter period as a citizen will receive a proportional amount of the Nafls. 1000.00.
