Ley del Pensionado - Retiree benefit law

bolgheri

New member
Aug 27, 2005
7
0
0
Bisono, a major developer, is promoting a new law to benfefit retiress in the DR1. Supossedly it was passed by congress in December and now has to go to the Senate.

Does anyone know the status of ths law and exactly what it would entail?

Will it change much the present situation? Will it benefit only new retirees or all the presently resident on thr DR?

Thankls in advance!
 

Fabio J. Guzman

DR1 Expert
Jan 1, 2002
2,359
252
83
www.drlawyer.com
I have just read what has been published in the papers. The bill is presently in the Senate. If passed, a retiree with a pension of $1500 US a month or more will be able to apply for residency using the special application process already established for investors. The minimum pension goes up by $250 US for each dependent of the main applicant.
 

bolgheri

New member
Aug 27, 2005
7
0
0
Mr Guzman,

Is it only to make the residecny process faster? Nothing else? Not much of a change. Or is there more?