2017News

The rising cost of public pensions

From January to November 2016, the Dominican government paid out RD$24.9 billion in pension plan payments. This is 15.8% of the total government payroll. This was an increase of 2.8% over the payment for the same period in 2015.

77% of those receiving government pensions had stipends under RD$6,000 a month, but increasingly, legislators, and autonomous government institution members, including the state university, government finance entities and others are receiving attractive pensions of upwards of RD$100,000 a month.

Read more in Spanish:
El Dinero

13 February 2017