The Dominican Republic's Pensions Superintendency (SIPEN) participated in Diario Libre’s Diálogo Libre forum, with Superintendent Francisco A. Torres discussing constraints on achieving adequate retirement outcomes and potential improvements to the Dominican pension system. The panel included Pedro Kumamoto of the Inter-American Conference on Social Security (CISS), World Bank senior economist Ignacio Apella and SIPEN’s Director of Studies Antonio Giraldi. Kumamoto argued for a more useful reform that delivers pensions sufficient to sustain subsistence over time, while Apella highlighted the need for pensions to be sustainable and pointed to low coverage and labour market informality as key challenges. Participants also converged on strengthening pension education, updating legislation to reflect new labour market realities such as digital platform work, protecting the solidarity fund, and exploring ways to ensure minimum pensions for workers who do not accumulate enough contributions over their working lives.
Pensions Superintendency (SIPEN) 2025-07-28
Dominican Republic's Pensions Superintendency sets out pension reform priorities in Diario Libre dialogue
The Dominican Republic's Pensions Superintendency (SIPEN) joined Diario Libre’s Diálogo Libre forum, where Superintendent Francisco A. Torres discussed pension system improvements. Key issues included reforms for adequate, sustainable pensions, addressing low coverage and labor market informality, and updating legislation for digital platform work. Participants also emphasized strengthening pension education and exploring minimum pension guarantees for insufficient contributions.