Dominican Republic's Pensions Superintendency reported remarks by Superintendent Francisco A. Torres highlighting that workers who reach the required number of contributions cannot receive less than a minimum pension because of the Social Security Solidarity Fund. He also said the authority is evaluating proposals to improve the pension system, including expanding coverage and improving future pension outcomes. Torres set out reform priorities under review, including how to bring more people into the system, increase projected future pensions, and define the financing and implementation of these changes while improving the sustainability of the Solidarity Fund. To broaden access, he suggested lowering the eligibility threshold without undermining the fund’s sustainability so that benefits can reach all who meet the minimum contribution requirement over time, not only those who qualify first; he linked the need for additional resources to population ageing and rising life expectancy, noting an increase from 73 to 75 years with expectations of further gains.
Pensions Superintendency (SIPEN) 2025-08-28
Dominican Republic's Pensions Superintendency weighs reforms to widen access to the Social Security Solidarity Fund and protect minimum pensions
The Dominican Republic's Pensions Superintendency, led by Superintendent Francisco A. Torres, ensures workers meeting contribution requirements receive a minimum pension via the Social Security Solidarity Fund. Torres prioritized expanding pension coverage, improving future outcomes, and ensuring fund sustainability amid demographic changes. Proposals include lowering eligibility thresholds and securing resources to address population aging and increased life expectancy.