According to the annual report presented by the Superintendence of Pensions, workers in the Dominican Republic have accumulated RD$801.46 billion in the National Pension Fund as of October 2020. The total is 17.57% of the Gross Domestic Product. Most of the funds are deposited in Dominican government bonds managed by the Central Bank and the Ministry of Hacienda. The system has 4.3 million affiliates, up 4.21% compared to the previous year.
The report states that 171 pensions were granted under the programmed retirement modality, of which 27 corresponded to late-entry members and 144 to non-late-entry workers who are 55 years of age or older and with an accumulated fund that has allowed them to receive a pension higher than 150% of the minimum pension of the Contributive Regime. On average, these pensioners have received RD$23,288.94 and RD$24,209.19, respectively. In addition, 12,963 pensions for unemployment for advanced age were granted, with an average amount of RD$10,382.83.
According to the report, the system has benefited 12,833 people with disability pensions, 171 with programmed retirement pensions and 10,064 survival pensions have been granted, which have benefited a total of 23,105 people.
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Diario Libre
8 March 2021