What social insurances are applicable in Aruba?
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.
The AWW insurance 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.
AZV is a mandatory healthcare insurance and provides for insured claims of certain medical treatment.
ZV insurance 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 and
- he/she earns less than the SVB Wage Limit (2017: AWG 5,850.00 p/m).
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.
You can find the applicable percentages due in Account / Tax percentages: