Who we are
PFTSA has an Executive Board that consists of an equal number of representatives from both the employers’ side as well as the participant’s side. The Executive Board is completed with an impartial Chairman.
PFTSA has 9 employees, including the Executive Director, who together with the Executive Board are responsible for all the administration at of the Fund.
PFTSA is responsible for implementing a pension plan for all its participants in accordance with existing laws and regulations. The regulatory body for our industry is the Central Bank of Aruba (CBA).
As of December 31, 2017 PFTSA has 97.9 million in assets, 89.4 million in liabilities (pension obligations), 9,517 policies and a coverage ratio of 103.84%.
PFTSA started with the Defined Benefit plan that became dormant as per December 31, 2003. Effective January 1, 2004, PFTSA implemented the Defined Contribution pension plan with premium percentage of a minimum of 6% and a maximum of 25%.