Dominican Republic's Pensions Superintendency (SIPEN) used a radio interview to outline the Dominican pension system’s performance and recent developments, including new saving options for self-employed workers, and to flag practices that can reduce members’ future pension outcomes. Superintendent Francisco A. Torres said pension fund profitability has been strong, stating that over the past 20 years no other investment instrument in the local market has exceeded the average return of pension funds. He added that, on average, more than 50 of every 100 pesos accumulated in individual pension accounts comes from investment returns generated by pension fund administrators rather than direct member contributions, and that inflation-adjusted performance places the system above the regional average. The discussion also covered employers who report lower wages to the Social Security Treasury (TSS) or offer to pay the difference off the books; SIPEN urged workers to regularly check their account statements and report such practices to the TSS, which is responsible for collection and pursuing these cases. SIPEN also promoted its education and technology channels, including conocetufuturo.do, the Rita WhatsApp chatbot, and virtual appointments with SIPEN staff.
Pensions Superintendency (SIPEN) 2025-08-21
Dominican Republic's Pensions Superintendency highlights pension system returns and warns workers about wage underreporting
The Dominican Republic's Pensions Superintendency (SIPEN) highlighted the strong performance of the pension system, noting that pension fund returns have outperformed other local investments over 20 years. Superintendent Francisco A. Torres emphasized that investment returns, rather than direct contributions, account for over half of the funds in individual pension accounts. SIPEN also addressed wage underreporting to the Social Security Treasury and promoted its educational and technological resources for pension members.