The Dominican Republic's Pensions Superintendency reported on the main management, regulatory and public-trust challenges facing the Dominican Pension System in a conference delivered by Superintendent Francisco A. Torres at the Pontificia Universidad Católica Madre y Maestra. The presentation reviewed the system’s evolution since Torres took office in 2022, focusing on efforts to strengthen technical capabilities, simplify processes and remove barriers to accessing benefits. The update highlighted that pension fund assets have grown to represent 20% of GDP. It also underscored the role of the Social Solidarity Fund created under Law 87-01 and financed through employer contributions to guarantee affiliates a minimum lifetime pension, and described technical support to the police reform commission through an actuarial evaluation of the current and proposed police retirement plans using an International Labour Organization actuarial projection platform. On financial education, the Superintendency cited training of more than 18,269 workers through 171 sessions, including 4,000 trained virtually, and noted improved public awareness of pension fund administrators and affiliate status. Future efforts will focus on encouraging the population to make retirement projections to improve retirement outcomes.
Pensions Superintendency (SIPEN) 2025-11-12
Dominican Republic's Pensions Superintendency highlights pension system reforms and reports pension fund assets at 20% of GDP
The Dominican Republic's Pensions Superintendency, led by Superintendent Francisco A. Torres, addressed challenges in the pension system, highlighting pension fund assets' growth to 20% of GDP and the Social Solidarity Fund's role. Efforts focus on enhancing technical capabilities, simplifying processes, and improving public awareness, including training over 18,269 workers. Future initiatives will encourage retirement projections to improve outcomes.