Administrative Group Holland (AGH) will become the new administrator of Pension Fund Caribbean Netherlands (PCN) for the government, education and health care sectors in Bonaire, St. Eustatius and Saba, as per January 1, 2016, writes The Daily Herald.
As the contract with current administrator Syntrus Achmea is going to expire, PCN has selected AGH as its new administrator after an extensive selection process.
AGH was founded in 2006 by the social partners of the Agrifood Wholesale Trade in the Netherlands and has since expanded into a cooperation of a number of pension funds and social funds.
With its ample experience in member and employer administration, financial administration and reporting, AGH is deemed able to offer tailor-made services to PCN in these specific areas.
Nothing will change for PCN participants, who will continue to accrue pension or receive their pension benefits as usual. Employers will have to submit their changes in the pension administration to AGH as of January 1, 2016.
This month, there will be meetings for employers on all islands during which AGH will present itself as the new PCN administrator. PCN-affiliated employers have already received invitations for these meetings.