2001News

Adozona alerts against duplication of pension plans

The Dominican Association of Free Zones alerted Congress that there is a duplication in pension plan income for employees. Adozona says it backs the proposed Social Security Bill, but warns that if Congress passes it without modifying the severance pay stipulations included in the Labor Code, there would be a duplication of employee benefits. The association said that would penalize the competitiveness of free zone operations. It warns that the double burden on companies could be detrimental for workers as some companies would be forced to layoff staff and others would close.