Economy

Economy October 18, 2023 | 8:13 am

The uncertain path to raising pensions in the Dominican Republic with a longer-lived population

Santo Domingo.- When individuals retire in the Dominican Republic, they typically receive an average replacement rate of 30%. In contrast, Spain boasts a rate of approximately 80%, surpassing the European Union average. The question arises: how can the Dominican Republic achieve a similar rate? Although Spain and the Dominican Republic have different pension systems—Spain emp... Read more

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