As of 31 March, the National Pension Fund had surpassed RD$210 billion, says Superintendent of Pensions Joaquin Geronimo.
He wants the funds to be invested in the construction sector. As reported in Hoy, Geronimo said that Law 189-11 on Development of the Mortgage and Trust Markets enables the funds to be used to build housing for around RD$40 billion.
“It has to be the business sector that takes the initiative to develop the projects and meet the housing demand,” he said.
http://hoy.com.do/economia/2013/4/18/476495/Fondo-de-Pensiones-superan-los-RD210000-millones