Dominican pension funds: High profits for AFPs, low payouts for retirees
Dominican Republic’s private pension fund administrators (AFPs) are under fire for generating RD$8.7 billion annually in commissions while retirees face low pension payouts. As of May 2025, the accumulated individual capitalization accounts reached over RD$1.16 trillion. AFPs charge a 0.75% annual commission on this balance, earning significant profits without assuming financial risk or guaranteeing returns, …