Dominican Republic's Pensions Superintendency (SIPEN) published a policy note outlining the principles it considers central to strengthening the national pension system, with a focus on long-term financial sustainability, universal coverage, intergenerational equity and administrative efficiency. SIPEN framed sustainability around four elements: a mix of mandatory and voluntary contributions with adequate returns and shared employer and employee funding, more efficient fund management supported by investment diversification and close risk supervision, policies that promote active ageing and voluntary longer participation in the labour market to extend contribution periods, and universal coverage that can include all workers who contribute regardless of income source. The note also pointed to international pension models in the Netherlands, Iceland and Denmark, highlighting the need for flexible affiliation for self-employed workers, a guaranteed minimum pension for workers with low or variable incomes, and periodic parameter reviews to keep the balance between the active and retired population aligned with demographic and technological change.
Pensions Superintendency (SIPEN) 2025-05-27
Dominican Republic's Pensions Superintendency sets out pillars for a more sustainable and inclusive pension system
The Dominican Republic's Pensions Superintendency (SIPEN) released a policy note emphasizing principles for enhancing the national pension system, focusing on financial sustainability, universal coverage, intergenerational equity, and administrative efficiency. Key elements include mandatory and voluntary contributions, efficient fund management, and policies promoting active ageing. The note references international models, advocating flexible affiliation for self-employed workers and a guaranteed minimum pension.