In a televised interview, the Dominican Republic's Pensions Superintendency (SIPEN) outlined measures aimed at reducing administrative barriers to accessing pension assets, including simplified procedures for survivors and the removal of the inheritance tax on pension disbursements. SIPEN reported that more than DOP 11,000 million has been paid to the legal heirs of deceased affiliates. A single SIPEN-approved notarised heirship certificate model (acta de notoriedad) is now intended for common use across all Pension Fund Administrators (AFP), to accelerate processing and reduce rejections driven by format differences. On pension literacy, SIPEN cited a national survey showing only 32% of Dominicans know which AFP they are affiliated with, and highlighted the “Conoce Tu Futuro” mass communications campaign and the “Aquí Sabemos de Pensiones” certification, which awards a SIPEN recognition seal when at least 70% of a company’s employees complete an interactive virtual course; more than 20 large companies, two banks and over 30,000 workers have participated. SIPEN also described ongoing work with the Association of Multiple Banks (ABA) to have social security contribution histories considered in credit scoring, and reiterated the three legal options at age 60 for late entrants who will not reach 360 contributions, including programmed withdrawals, annuities where accumulated savings exceed 1.5 times the minimum pension (DOP 16,993), or partial or full withdrawals.
Pensions Superintendency (SIPEN) 2026-04-20
Dominican Republic's Pensions Superintendency standardises heir documentation, reports over DOP 11,000 million paid out and expands pension literacy initiatives
The Dominican Republic’s Pensions Superintendency (SIPEN) outlined measures to ease access to pension assets, including simplified procedures for survivors, a single notarised heirship certificate for all Pension Fund Administrators, and removal of inheritance tax on pension disbursements, with over DOP 11,000 million already paid to heirs. SIPEN also highlighted pension literacy initiatives and work with the Association of Multiple Banks to incorporate social security contribution histories into credit scoring, and reiterated three legal options at age 60 for late entrants who will not reach 360 contributions: programmed withdrawals, annuities where savings exceed 1.5 times the minimum pension, or partial or full withdrawals.