Local October 18, 2012 | 4:08 pm

Agency nixes the pensions of scandal

Santo Domingo.- The Pensions Superintendence (Sipen) on Thursday ordered the revocation of the pensions which former Banks Superintendent Haivanjoe Nn Cortiñas authorized for himself, and 49 others of that agency’s ex officials.

Sipen’s decision comes after receiving a report which evaluated the feasibility of the Banks Superintendence’s Retirement Plan and which was backed by a resolution.

Sipen’s measure officially cancels the RD$650,000 monthly pension issued to Ng as well as another for 439,000 pesos for ex Banks general manager Daris Javier Cuevas, as well as those of other Banks Superintendence ex top officials.

The report to Sipen notes that the Pension Fund for Banks Superintendence employees doesn’t have sufficient funds to cover said pensions and would’ve become a burden on government coffers.

Ng’s self-authorized pension was an embarrassment to president Danilo Medina’s Administration.

Despite Ng becoming the first official in a major government scandal since Medina office August 20, no one resigned or was removed from their post.

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