{"id":163409,"date":"2021-08-24T06:52:26","date_gmt":"2021-08-24T10:52:26","guid":{"rendered":"https:\/\/dr1.com\/wordpress\/?p=163409"},"modified":"2021-08-24T10:29:57","modified_gmt":"2021-08-24T14:29:57","slug":"last-revision-of-the-pension-plan-law-brings-bonanza-to-pension-plan-companies-afps","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2021\/08\/24\/last-revision-of-the-pension-plan-law-brings-bonanza-to-pension-plan-companies-afps\/","title":{"rendered":"Last revision of the Pension Plan Law brings bonanza to pension plan companies (AFPs)"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/dr1.com\/wordpress\/wp-content\/uploads\/2021\/08\/AFP-ingresos-suben-Diario-Libre.jpg\" alt=\"\" class=\"wp-image-163506\" width=\"600\" height=\"383\" srcset=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2021\/08\/AFP-ingresos-suben-Diario-Libre.jpg 546w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2021\/08\/AFP-ingresos-suben-Diario-Libre-300x192.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure><\/div>\n\n\n\n<p>Diario Libre reports that the passing of Law 13-20 with changes to Pension Plan Law carried out at the end of the Medina administration has resulted in 4% more earnings for the Pension Fund Administrators (AFPs) than in 2020 and 2019.<\/p>\n\n\n\n<p>The amendment to the law reduced the commission but broadened the base on which this would be applied, resulting in the bonanza for the companies.<\/p>\n\n\n\n<p>The Superintendency of Pensions, in its quarterly bulletin, reports that AFPs earned RD$19.05 billion in commissions in the first half of the year.<\/p>\n\n\n\n<p>Opponents to the requested amendments had alerted this would happen, but the ruling party had the majority in Congress to pass the changes.<\/p>\n\n\n\n<p>The Pension Plan Law has been criticized as being drafted to benefit financial companies not so the actual would be beneficiaries of the pensions. <\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.diariolibre.com\/economia\/ingresos-de-afp-por-comisiones-suben-pese-a-reforma-para-reducirlos-CK28334125\">Diario Libre <\/a><\/p>\n\n\n\n<p>24 August 2021<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diario Libre reports that the passing of Law 13-20 with changes to Pension Plan Law carried out at the end of the Medina administration has resulted in 4% more earnings for the Pension Fund Administrators (AFPs) than in 2020 and 2019. The amendment to the law reduced the commission but broadened the base on which &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2021\/08\/24\/last-revision-of-the-pension-plan-law-brings-bonanza-to-pension-plan-companies-afps\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[290,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/163409"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=163409"}],"version-history":[{"count":4,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/163409\/revisions"}],"predecessor-version":[{"id":163508,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/163409\/revisions\/163508"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=163409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=163409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=163409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}