The Superintendent of Pensions, Francisco A. Torres, presented the 2026-2030 Institutional Strategic Plan for the governing body of the Dominican Pension System, focused on the affiliate: timely access to benefits, well-being in retirement, and the strengthening of a culture of saving for pensions. Likewise, he announced the generational funds, a product designed to improve the system’s profitability according to each contributor’s life stage, and one of the most innovative initiatives that will be promoted during this period.
Torres specified that this is a time of significant transformations in the work environment and accelerated digital evolution; for this reason, SIPEN reformulated and updated the actions aimed at facing the challenges that impact the Dominican Pension System.
He reiterated that the premise of this Institutional Strategic Plan is the affiliate, and that its execution is aligned with national priorities, with the most relevant areas being: the modernization of supervision and regulation; data and results-based management; the expansion and diversification of retirement savings options; pension education; digital transformation and innovation; and the continuous improvement of its processes.
For technical training on generational funds, SIPEN invited Octavio Ballinas to the country, an expert in investment fund management with more than 20 years of experience in the financial services, insurance, and pension fund industry, who shared his experience in the implementation of generational funds in Mexico, and who highlighted that generational funds are an investment strategy assigned to each affiliate, depending on their age, and in which their investment limits and composition are adjusted over time, moving from a riskier investment regime to a more conservative one as the affiliate’s retirement date approaches.
During his presentation, Ballinas explained that, with generational funds, the accumulated wealth of workers will increase compared to single-fund investment regimes, since adapting the investment strategy to the life cycle allows for investing in better portfolios, with better returns, without compromising the financial security of workers’ future pensions.
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Likewise, generational funds safeguard the actuarial reserves necessary to maintain adequate pension levels for workers who are already retired or nearing retirement, and mitigate the risk of realizing any loss in value; in this way, financial stress conditions at a given moment do not materialize across the affiliate’s entire assets.
With the implementation of this 2026-2030 Institutional Strategic Plan, we commit to having, in the coming years, a more robust pension system, and even more so with the execution of the generational funds investment strategy, “this would represent one of the most innovative initiatives that we would promote in the coming years,” Torres pointed out.
The event led by SIPEN took place at the JW Marriott Hotel in Santo Domingo, and featured the participation of the superintendent, the president of the Dominican Association of Pension Fund Administrators (ADAFP), Kirsis Jáquez, the executives of the Pension Fund Administrators (AFP) and brokerage firms, as well as the leaders of the institutions that make up the Social Security System.
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During Octavio Ballinas’ stay in the country, working sessions and technical training will be held for those responsible for pension fund investment decisions, such as SIPEN, the Central Bank, the Superintendency of the Securities Market, and the AFP investment committees, with the goal of ensuring that technical personnel are properly trained to implement this investment strategy.
Upon concluding, Superintendent Torres reiterated his commitment to the members of the Dominican Pension System and highlighted the motivation and constant effort of the Sipen human team, aware of the social impact of the pension system on the lives of Dominican workers.
