Press release 2022-020
Pension fund’s funding ratio remained stable
Further changes needed to strengthen pension sector sustainability
Willemstad/Philipsburg - The pension sector average funding ratio improved to 106.1% in 2020, a 0.5% increase compared to the previous year. This is well above the minimum requirement of 100% imposed by the Centrale Bank van Curaçao and Sint Maarten (CBCS). Pension assets rose faster than liabilities in 2020, indicating a sound performance of the sector. Nevertheless, it is important to remain vigilant for growing vulnerabilities that may affect the pension sector in the medium to long term. The Financial Stability Report, published by the CBCS, describes the main vulnerabilities associated with the local pension sector.