AOV benefit

The local old age insurance benefit (Algemene Ouderdomsverzekering or AOV) on Bonaire in 2015 was raised by 1.5 percent, from 7,501 US dollars in 2014 to 7,618 US dollars in 2015. On the other hand, prices went down by 0.9 percent in 2015. The increase in real terms was therefore 2.4 percent, i.e. (nearly) equal to the median change in purchasing power for people on Bonaire in households with a main breadwinner aged 60 and over, as well as for people in households mainly depending on social benefits in both 2014 and 2015. For these AOV benefit recipients, the actual change in purchasing power was nearly entirely due to the rise in their benefits in real terms.