Government manages 80% of pension funds
As of January 2016, Dominican workers have savings of RD$373.25 billion in pension plans. These plans are managed by the pension plan administrators (AFP), which invest the savings on behalf of the workers. The average annual yield of the funds in 2015 was 10.7%, down from 12.5% in 2014. Data shows that 79.8% of the funds are deposited in government financial instruments.
Source: DR1, Eldinero
March 31, 2016
Category: DR News |