Dominican Republic's Pensions Superintendency continues DGII training series on voluntary contributions to boost pensions by up to 15%

Dominican Republic's Pensions Superintendency (SIPEN) held another session in its training cycle at the General Directorate of Internal Taxes (DGII), setting out practical steps workers can take to maximise retirement outcomes under the Individual Capitalization System. The briefing focused on ordinary and recently introduced voluntary contributions, alongside complementary plans, as tools to increase the pension ultimately received by affiliates. Using an illustrative case of a 35-year-old worker with a current salary of DOP 40,000 and a projected salary at retirement of DOP 50,789, SIPEN indicated voluntary contributions could raise the final pension by up to 15%. In the example, the worker would receive around DOP 29,000 per month at age 60 without extra payments, while adding DOP 1,000 through ordinary voluntary deposits via an employer’s human resources channel or extraordinary voluntary payments at the Social Security Treasury (TSS) would increase the pension to above DOP 32,000. A separate comparison using system data for 2005-2025 showed a lower-paid but consistently contributing member accumulated DOP 6.2 million, around DOP 2 million more than a higher-paid member with irregular contributions; the DGII sessions sit within a broader SIPEN education programme aimed at awarding the DGII the “Aquí Sabemos de Pensiones” designation and addressing pension literacy gaps.