Encyclopedia

A partial sample is a selection technique used in the audit. In order to form an opinion about a population, a selection of items for review is made on the basis of certain characteristics of that population as a whole. (deelwaarneming)

Place where data related to the participants of the fund is kept and maintained: usually a database of all the relevant information about the pension fund’s participants. (deelnemersadministratie)

A regular payment made during a person’s retirement from an investment fund to which that person and/or their employer has contributed during the person’s working life. (pensioen)

A fund from which pensions are paid, accumulated from contributions from employers and/or employees. (pensioenfonds)

All assets bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. (totale pensioenvermogen)

The amount that a pension fund must have at its disposal to fully meet the future benefits of the participants. (voorzieningen pensioenverplichtingen-VPV)

Sometimes referred to as a ‘value for money’ audit, assesses efficiency and effectiveness of public programs and policies in achieving objectives. (doelmatigheidsonderzoek)

A natural person appointed to political office in accordance with the Constitution and other relevant laws of St. Maarten: such as members of Parliament and Ministers. (politieke gezagsdragers)

A position in which it is possible to misuse knowledge or powers which seriously threaten national security or other important interests of the country.

The acquisition, whether under formal contract or not, of works, supplies and services by government. (publieke inkoop)