The Superintendent of Pension Funds (Sipen) Joaquin Jeronimo said that while the total in Dominican pension funds is now at RD$275.65 billion as of 30 June 2014, or 10.9% of the GDP, the yield on these savings has been declining. Jeronimo said the funds have been performed at nominal yield of 11.76%, but the real yield was reported to be 7.47%. <\/p>\n
Capitalization of the Pension Funds are managed by five Pension Fund Administrators (AFP). The Sipen report indicated that RD$76.88 billion are in AFP Popular, representing 35.7%; RD$53.57 billion are in AFP Scotia Crecer, which is 24.9%; RD$47.84 billion are in AFP Siembra fund, which represents 22.2%; in AFP Reservas there are RD$35 billion that is 16.2%; and in AFP Romana there are RD$2.22 billion representing just 1%. <\/p>\n
http:\/\/www.listin.com.do\/economia-and-negocios\/2014\/8\/5\/332536\/Fondos-de-pensiones-pierden-rentabilidad<\/p>\n
http:\/\/www.diariolibre.com\/economia\/2014\/08\/06\/i733691_sipen-los-fondos-pensiones-ascienden-rd275-654-millones.html<\/p>\n","protected":false},"excerpt":{"rendered":"
The Superintendent of Pension Funds (Sipen) Joaquin Jeronimo said that while the total in Dominican pension funds is now at RD$275.65 billion as of 30 June 2014, or 10.9% of the GDP, the yield on these savings has been declining. Jeronimo said the funds have been performed at nominal yield of 11.76%, but the real … <\/p>\n