What social insurances are applicable in Sint Maarten?
The AOV stands for General Retirement Insurance. This is a national insurance that guarantees to provide of basic pension from the SVB to those who have reached retirement age.
This is a general insurance that guarantees financial support to a spouse upon the death of his/her spouse and the children upon the death of their father/mother.
The AVBZ is a national insurance that provides entitlement to an allowance for the costs of medical treatment and care of chronic diseases.
ZV insurance is a healthcare insurance and also covers the risk of 'salary payment during disability', also called Wage Loss (in Dutch: Loonderving).
An employee is obliged ZV insured when:
- he/she performs work for an employer in employment, or in person contracted work labor;
- he/she earns less than the SZV Wage Limit and
- he/she is working on five or more days a week.
Each employee is obliged insured by OV insurance against industrial accidents, regardless of the number of working days per week and the amount of the salary earned.
The OV premium ranges from 0.5 to 5% (depending on SVB Accident Class), and is fully paid by the employer.
You can find the applicable percentages due in Account / Tax percentages: