Almost RD$1.74 million belonging to around 55,900 people who have died is held in their accounts of the Pension Fund Administrators (AFP). Relatives have not claimed the funds.
Since last July 2019, when the Pension Fund Superintendence (Sipen) published the list of the accounts of the deceased, family members of only 2,100 of these claimed the pension funds money for a total of RD$226.4 million.
The regulations establish that the unclaimed monies stay in the accounts, generating interest until the heirs claim the money. The methods of claiming the money depend on if the relative died after or before retirement.
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Diario Libre
15 October 2019