If the RD$651,592 monthly pension assigned to the former Superintendent of Banks, Haivanhoe Ng Cortinas came as a surprise to some, the collateral benefits set out in the Complementary Plan for Retirement and Pensions regulation created by the entity are likely to astonish. The regulations say that when an official or employee of the Superintendence of Banks retires, they will receive their full salary for the following 12 months, covered in full by the Superintendence. When the 12 months are up, the retiree will receive, from the Pension Plan, the amount corresponding to the pension, which can range from 80% to 60% of their salary, according to the regulations approved by the Monetary Board in September 2011 and signed by the chairman, Hector Valdez Albizu.
But there is more. Each December the pensioners will receive a Christmas bonus that will be calculated on the same basis as the salaries currently being earned by the active personnel. In this case also the complementary plan would pay a month’s salary, while the Superintendence of Banks should cover the additional amount.
Employees being paid larger amounts include the Intendant Daris Javier Cuevas Nin with RD$437,369, manager Luis Andres Montes de Oca with RD$413,309, assistant manager Atahualpa Pedro Dominguez with RD$317,364, advisor Jose Lucrecio Nunez Contreras with RD$270,505 and director Ramon Antonio Rodriguez Sanchez with RD$200,960, as reported in Diario Libre.
www.diariolibre.com/noticias/2012/10/03/i354192_mas-pensiones-rd400-mil-superintendencia-bancos.html