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Can complementary pension plans help improve retirement income in the Dominican Republic?
Author(s) -
Ayuso Mercedes,
Valero Diego
Publication year - 2011
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/j.1468-246x.2011.01393.x
Subject(s) - pension , latin americans , pension plan , pension system , business , plan (archaeology) , actuarial science , labour economics , economics , economic growth , finance , political science , geography , archaeology , law
In the 1990s, following the earlier example of Chile, pension system reforms were implemented in a number of Latin American and other countries. These reforms focused on introducing models of pension provision that were fully‐funded and privately managed. Although aspects of these reforms have been positive, for many persons covered by these systems retirement income is not adequate. The development of occupational pension plans may offer an alternative, complementary mechanism to help improve pension adequacy. This article discusses different complementary pension plan models and examines the case of the Dominican Republic. It argues that complementary occupational pension plans may be a viable policy option for this developing country.