The Dominican Republic's Pensions Superintendency (SIPEN) sponsored a technical roundtable, “New Trends in Pensions”, with the Inter-American Conference on Social Security (CISS), the World Bank Group and the Foundation for Institutionalism and Justice (Finjus) to exchange regional experience on modernising social security systems, in a dialogue with legislators and key stakeholders in the Dominican Pension System. In the discussion, CISS Secretary General Pedro Kumamoto highlighted the role of actuarial analysis in setting viable pension-system objectives and emphasised supplementary savings and additional contributions to strengthen retirement outcomes. World Bank senior economist Ignacio Apella drew on experience across Mexico, Peru, Argentina and Uruguay, while participants discussed the need for a holistic view of reform that reflects economic conditions, particularly labour-market dynamics, and noted the region’s shift toward individual savings models to reduce fiscal burden and support sustainability. The roundtable also addressed new work arrangements and priority member guarantees, including a guaranteed minimum pension that could be supported through changes to eligibility requirements, and SIPEN framed the session around current challenges and opportunities to modernise the Dominican pension system to support sustainability.
Pensions Superintendency (SIPEN) 2025-07-24
Dominican Republic's Pensions Superintendency convenes New Trends in Pensions roundtable with CISS and the World Bank
The Dominican Republic's Pensions Superintendency (SIPEN) hosted a roundtable on "New Trends in Pensions" with stakeholders like the Inter-American Conference on Social Security and the World Bank Group to discuss modernising social security systems. Key topics included actuarial analysis, supplementary savings, individual savings models, new work arrangements, and the potential for a guaranteed minimum pension through eligibility changes.