Pensions not indexed for period after 2008

�~ Discussions ongoing for solution ~

PHILIPSBURG--Talks are currently being held with Pension Fund representatives to discuss the indexation of the pensions for the years after 2008.

� The Windward Islands Teachers Union (WITU) had raised concerns about the matter in a letter to government and in a press release issued to the media recently.

� Prime Minister Sarah Wescot-Williams had said last week that after receiving concerns about this issue from the WITU, the matter was researched. Government has also responded to the WITU's letter.

� Wescot-Williams said information available shows that pensions of pensioners falling under the former APNA now General Pension Fund APS of St. Maarten have been indexed up to and including 2008. However, no indexation occurred for the period after 2008.

� The Prime Minister said the relevant departments are "currently in communication" with the pension fund "in order to come to an agreement regarding the period following 2008."

Source: http://www.thedailyherald.com/islands/1-islands-news/19761-pensions-not-indexed-for-period-after-2008.html

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