Increase AOV/AWW pension effective January 1, 2023

Dit item is gearchiveerd op 27-01-2023.

ORANJESTAD - The Social Insurance Bank (SVB) announces that the AOV/AWW (General Old Age Insurance and General Widows' and Orphans' Pension) will increase by 5% starting January 1, 2023.

The table below shows the new amounts:

Increase in old-age pension and orphan and widow's pension as of January 1, 2023
Age orphans Increase  Monthly amount orphans AWW
Both parents deceased
From 0 -10 year Afl. 21,00 Afl. 434,00
From 10 - 15 year Afl. 23,00 Afl. 476,00
From 15 - 25 year Afl. 27,00 Afl. 551,00
Age orphans Increase One parent deceased
From 0 -10 year Afl. 20,00 Afl. 406,00
From 10 - 15 year Afl. 21,00 Afl. 434,00
From 15 - 25 year Afl. 23,00 Afl. 476,00
Age widow Increase Monthly amount widow AWW
Till 40 year Afl. 27,00 Afl. 551,00
From 40 - 49 year Afl. 36,00 Afl. 739,00
From 49 - 62.5 year Afl 45,00 Afl. 933,00
From 62.5 - 64.5 year Afl. 58,00 Afl. 1.215,00
Pensioners Increase Monthly amount pension AOV
Married or cohabiting Afl. 98,00 Afl. 2.046,00
Individually married or cohabiting Afl. 49,00 Afl. 1.023,00
Unmarried Afl. 58,00 Afl. 1.215,00

SVb also informs that effective January 1, 2023, the retirement age will increase by 6 months, becoming 64.5 years.

The compensation allowance (reparatietoeslag) also increases from Afl. 125,00 to Afl. 170,00.

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