{"id":26841,"date":"2026-07-01T09:00:00","date_gmt":"2026-07-01T13:00:00","guid":{"rendered":"https:\/\/gestionderiesgo.org\/?p=26841"},"modified":"2026-10-18T21:19:11","modified_gmt":"2026-10-19T01:19:11","slug":"sipen-boletin-estadistico-trimestral-92-segundo-trimestre-2026","status":"publish","type":"post","link":"https:\/\/gestionderiesgo.org\/en\/sipen-boletin-estadistico-trimestral-92-segundo-trimestre-2026\/","title":{"rendered":"Quarterly Statistical Bulletin No. 92: Dominican Pension System, second quarter of 2026"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" 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.cgp-cover.cgp-doc{aspect-ratio:4\/3}#cgr-pub .cgp-head{grid-template-columns:minmax(0,1fr);gap:26px}#cgr-pub .cgp-body{grid-template-columns:minmax(0,1fr);gap:30px}#cgr-pub .cgp-side{position:static}}\n@media(max-width:520px){#cgr-pub{font-size:16px}#cgr-pub .cgp-facts{grid-template-columns:minmax(0,1fr)}#cgr-pub .cgp-btn{width:100%;justify-content:center}}\n<\/style>\n<div id=\"cgr-pub\">\n<header class=\"cgp-head\">\n<figure class=\"cgp-cover cgp-doc\"><i style=\"background-image:url(https:\/\/gestionderiesgo.org\/wp-content\/uploads\/2026\/10\/pub-sipen-boletin-estadistico-trimestral-92-segundo-trimestre-2026.jpg?v=1792372719)\"><\/i><img fetchpriority=\"high\" src=\"https:\/\/gestionderiesgo.org\/wp-content\/uploads\/2026\/10\/pub-sipen-boletin-estadistico-trimestral-92-segundo-trimestre-2026.jpg?v=1792372719\" width=\"720\" height=\"960\" alt=\"Primera p\u00e1gina del documento: Bolet\u00edn Estad\u00edstico Trimestral No. 92: Sistema Dominicano de Pensiones, segundo trimestre de 2026\" loading=\"eager\" decoding=\"async\"><\/figure>\n<div class=\"cgp-intro\">\n<p class=\"cgp-kind\">Report \u00b7 Local regulator and supervisor<\/p>\n<h2 class=\"cgp-title\">Quarterly Statistical Bulletin No. 92: Dominican Pension System, second quarter of 2026<\/h2>\n<p class=\"cgp-lead\">The assets of pension funds keep growing, but returns are moderating and portfolios are diversifying toward the private sector.<\/p>\n<dl class=\"cgp-facts\"><div><dt>Organization<\/dt><dd>Superintendency of Pensions of the Dominican Republic (SIPEN)<\/dd><\/div><div><dt>Document date<\/dt><dd>second quarter of 2026<\/dd><\/div><div><dt>Type<\/dt><dd>Report<\/dd><\/div><div><dt>Language<\/dt><dd>Spanish<\/dd><\/div><div><dt>Scope<\/dt><dd>Dominican Republic<\/dd><\/div><div><dt>Length<\/dt><dd>94 pages<\/dd><\/div><\/dl>\n<div class=\"cgp-actions\"><a class=\"cgp-btn\" href=\"https:\/\/sipen.gob.do\/index.php\/descarga\/boletines-trimestrales_2026_07_1785535546.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><svg viewbox=\"0 0 24 24\" aria-hidden=\"true\"><path d=\"M7 3h7l5 5v12a1 1 0 0 1-1 1H7a1 1 0 0 1-1-1V4a1 1 0 0 1 1-1z\"\/><path d=\"M14 3v5h5\"\/><path d=\"M9 14h6\"\/><path d=\"M9 17h4\"\/><\/svg>Official document (PDF)<\/a><\/div>\n<\/div>\n<\/header>\n<div class=\"cgp-body\">\n<div class=\"cgp-main\">\n<h3>What it contains<\/h3>\n<p>Bulletin No. 92 summarizes the second quarter of 2026 of the Dominican Pension System (SDP). The Superintendency of Pensions explains that, since the first quarter of 2026, it has reorganized its periodic publications: the first- and third-quarter bulletins become eminently statistical, and this one, for the second quarter, includes news and articles of interest. It gathers affiliations and contributions, benefits, the financial situation of the pension fund administrators (AFP) and the funds\u2019 investments, with the international and national environment, an analysis of the system, 49 pages of statistical tables, pension regulations and a glossary.<\/p><p>In the analysis of the system, the assets of the individual capitalization funds reached RD$1.32 trillion at the end of the first half of 2026, 79.4\u00a0% of the funds under management. AFP Popular leads with 33.4\u00a0%, followed by Crecer (23.5\u00a0%), Siembra (21.8\u00a0%) and Reservas (17.4\u00a0%). The historical nominal return stood at around 7.8\u00a0%, slowing but above observed inflation, and assets grow 63\u00a0% through contributions and 37\u00a0% through returns. The share of public instruments in portfolios fell from about 83\u00a0% in 2022 to 70\u00a0% in 2026, while the private sector rose from 17\u00a0% to nearly 30\u00a0%. Members grew 4.37\u00a0% year on year (237,930 people) and contributors 4.0\u00a0% (89,571).<\/p><p>The bulletin adds coverage and longevity-risk data. 88.8\u00a0% of contributors earn three minimum contribution wages or less, 57\u00a0% of members are under 45, and accumulated disability pensions (19,803) and survivor pensions (18,580) keep rising. An article of interest, which expresses its author\u2019s opinion, argues that the fall in births, now close to two children per woman, also affects an individual capitalization system because it moderates the growth of the contributions that finance the solidarity mechanisms. The national environment includes IMAE growth of 6.4\u00a0% year on year in June and inflation of 5.67\u00a0%.<\/p>\n<section class=\"cgp-importa\"><h3>Why it matters for risk management<\/h3><p>Pensions are one of the country\u2019s largest institutional investors, and their portfolio links retirement savings with credit, the securities market and public debt. For those who manage market, liquidity or concentration risk, or design products for the capital market, the bulletin offers official figures on the demand for instruments. It is a statistical bulletin: the articles of interest express their authors\u2019 opinions and not the Superintendency\u2019s position, and the data cover the first half of 2026.<\/p><\/section>\n<p class=\"cgp-note\">Resumen elaborado por el Club de Gesti\u00f3n de Riesgos de la Rep\u00fablica Dominicana a partir de la lectura del documento original, con fuente verificada el 18 de octubre de 2026. No sustituye la lectura del texto oficial ni constituye asesor\u00eda.<\/p>\n<p class=\"cgp-back\"><a href=\"\/en\/publicaciones\/\">See all publications<\/a><\/p>\n<\/div>\n<aside class=\"cgp-side\">\n<section class=\"cgp-card\"><h3>Key points<\/h3><ul class=\"cgp-points\"><li>Individual capitalization funds: RD$1.32 trillion at the end of the first half of 2026, 79.4\u00a0% of the funds under management.<\/li><li>Four AFP hold 96\u00a0% of the assets of those funds: Popular (33.4\u00a0%), Crecer (23.5\u00a0%), Siembra (21.8\u00a0%) and Reservas (17.4\u00a0%).<\/li><li>Historical nominal return of 7.8\u00a0% in June 2026, slowing but above observed inflation.<\/li><li>Investments in the public sector fell from 83\u00a0% (2022) to 70\u00a0% (2026); the private sector rose from 17\u00a0% to nearly 30\u00a0%.<\/li><li>Members +4.37\u00a0% and contributors +4.0\u00a0% year on year; 88.8\u00a0% of contributors earn three minimum contribution wages or less.<\/li><\/ul><\/section>\n<section class=\"cgp-card\"><h3>How to cite it<\/h3><p class=\"cgp-cite\">Superintendencia de Pensiones de la Rep\u00fablica Dominicana (2026). Bolet\u00edn Estad\u00edstico Trimestral No. 92, segundo trimestre de 2026. Santo Domingo: SIPEN, 2026.<\/p><\/section>\n<section class=\"cgp-card\"><h3>Topics<\/h3><ul class=\"cgp-chips\"><li><a href=\"\/en\/publicaciones\/?tema=pensiones\">Pensions<\/a><\/li><li><a href=\"\/en\/publicaciones\/?tema=estabilidad-financiera\">Financial stability<\/a><\/li><li><a href=\"\/en\/publicaciones\/?tema=riesgo-de-mercado-y-liquidez\">Market and liquidity risk<\/a><\/li><\/ul><\/section>\n<\/aside>\n<\/div>\n<\/div><link rel=\"stylesheet\" href=\"https:\/\/fonts.googleapis.com\/css2?family=Zilla+Slab:wght@500;600&display=swap\">\n<footer id=\"cgr-foot\" aria-label=\"Footer of the Risk Management Club\">\n<style>\n#main{padding-bottom:0!important}\n.fusion-fullwidth:has(#cgr-foot),.fusion-layout-column:has(#cgr-foot){padding-bottom:0!important;margin-bottom:0!important}\n#cgr-foot{--navy:#0E3351;--blue:#186392;--web:#1A80B6;--red:#E22A3A;--ink:#1C2632;--slate:#5B6775;--line:#D9E1EA;--mist:#F2F5F8;\n  position:relative;margin:96px 0 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1.9 1.9 0 0 1 0-3.8ZM10.6 8.6h3.1V10c.5-.9 1.6-1.7 3.3-1.7 3.5 0 4.1 2.2 4.1 5.1V19h-3.3v-5c0-1.2 0-2.7-1.7-2.7s-1.9 1.3-1.9 2.6V19h-3.3z\"\/><\/svg><\/a>\n      <a href=\"https:\/\/www.youtube.com\/channel\/UCgyWVnQOIYTYnBP25t3wikA\" target=\"_blank\" rel=\"noopener\" aria-label=\"YouTube\"><svg viewbox=\"0 0 24 24\"><path d=\"M21.6 7.2a2.7 2.7 0 0 0-1.9-1.9C18 4.8 12 4.8 12 4.8s-6 0-7.7.5a2.7 2.7 0 0 0-1.9 1.9C2 8.9 2 12 2 12s0 3.1.4 4.8a2.7 2.7 0 0 0 1.9 1.9c1.7.5 7.7.5 7.7.5s6 0 7.7-.5a2.7 2.7 0 0 0 1.9-1.9c.4-1.7.4-4.8.4-4.8s0-3.1-.4-4.8ZM10 15V9l5.2 3Z\"\/><\/svg><\/a>\n      <a href=\"https:\/\/www.instagram.com\/gestionriesgodr\/\" target=\"_blank\" rel=\"noopener\" aria-label=\"Instagram\"><svg viewbox=\"0 0 24 24\"><path d=\"M12 7.3a4.7 4.7 0 1 0 0 9.4 4.7 4.7 0 0 0 0-9.4Zm0 7.7a3 3 0 1 1 0-6 3 3 0 0 1 0 6Zm6-7.9a1.1 1.1 0 1 1-2.2 0 1.1 1.1 0 0 1 2.2 0ZM12 4.6c2.4 0 2.7 0 3.6.1 2.4.1 3.6 1.3 3.7 3.7.1.9.1 1.2.1 3.6s0 2.7-.1 3.6c-.1 2.4-1.3 3.6-3.7 3.7-.9.1-1.2.1-3.6.1s-2.7 0-3.6-.1c-2.4-.1-3.6-1.3-3.7-3.7-.1-.9-.1-1.2-.1-3.6s0-2.7.1-3.6c.1-2.4 1.3-3.6 3.7-3.7.9-.1 1.2-.1 3.6-.1ZM12 3c-2.4 0-2.8 0-3.7.1-3.3.2-5 1.9-5.2 5.2C3 9.2 3 9.6 3 12s0 2.8.1 3.7c.2 3.3 1.9 5 5.2 5.2.9.1 1.3.1 3.7.1s2.8 0 3.7-.1c3.3-.2 5-1.9 5.2-5.2.1-.9.1-1.3.1-3.7s0-2.8-.1-3.7c-.2-3.3-1.9-5-5.2-5.2C14.8 3 14.4 3 12 3Z\"\/><\/svg><\/a>\n      <a href=\"https:\/\/www.facebook.com\/gestionriesgodr\/\" target=\"_blank\" rel=\"noopener\" aria-label=\"Facebook\"><svg viewbox=\"0 0 24 24\"><path d=\"M13.5 21v-7.5H16l.4-3h-2.9V8.6c0-.9.3-1.5 1.5-1.5h1.5V4.4c-.3 0-1.2-.1-2.2-.1-2.2 0-3.7 1.3-3.7 3.8v2.4H8.1v3h2.5V21z\"\/><\/svg><\/a>\n      <a href=\"https:\/\/twitter.com\/gestionriesgodr\" target=\"_blank\" rel=\"noopener\" aria-label=\"X (Twitter)\"><svg viewbox=\"0 0 24 24\"><path d=\"M17.5 3.5h3l-6.6 7.5 7.8 9.5h-6.1l-4.8-5.9-5.5 5.9h-3l7.1-8L2.7 3.5H9l4.3 5.4Zm-1 15.3h1.7L7.6 5.1H5.8Z\"\/><\/svg><\/a>\n    <\/div>\n  <\/div>\n  <nav class=\"cgf-col\" aria-label=\"The Club\">\n    <h3>The Club<\/h3>\n    <ul>\n      <li><a href=\"\/en\/quienes-somos\/\">Who we are<\/a><\/li>\n      <li><a href=\"\/en\/miembros-fundadores-y-directores\/\">Founders and directors<\/a><\/li>\n      <li><a href=\"\/en\/comisiones-de-trabajo\/\">Working committees<\/a><\/li>\n      <li><a href=\"\/en\/organigrama\/\">Organization Chart<\/a><\/li>\n      <li><a href=\"\/en\/estatutos\/\">Bylaws<\/a><\/li>\n      <li><a href=\"\/en\/reglamento-interno\/\">Internal regulations<\/a><\/li>\n    <\/ul>\n  <\/nav>\n  <nav class=\"cgf-col\" aria-label=\"Membership and training\">\n    <h3>Membership<\/h3>\n    <ul>\n      <li><a href=\"\/en\/quienes-pueden-ser-miembros\/\">Who can become a member?<\/a><\/li>\n      <li><a href=\"\/en\/socios-protectores\/\">Sponsor members<\/a><\/li>\n      <li><a href=\"\/en\/formulario-de-inscripcion\/\">Apply for membership<\/a><\/li>\n      <li><a href=\"\/en\/capacitaciones-nemesis\/\">International certification<\/a><\/li>\n      <li><a 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Av. Tiradentes at the corner of Presidente Gonz\u00e1lez, Ensanche Naco, Santo Domingo<\/span><\/li>\n      <li><svg viewbox=\"0 0 24 24\" aria-hidden=\"true\"><path d=\"M5 4h4l2 5-2.5 1.5a11 11 0 0 0 5 5L15 13l5 2v4a2 2 0 0 1-2 2A16 16 0 0 1 3 6a2 2 0 0 1 2-2\"\/><\/svg><span><a href=\"tel:+18097453289\">809-745-3289<\/a><br><a href=\"tel:+18494774959\">849-477-4959<\/a><a class=\"cgf-wa\" href=\"https:\/\/wa.me\/18494774959\" target=\"_blank\" rel=\"noopener\" aria-label=\"Escribir por WhatsApp al 849-477-4959 (se abre en una pesta\u00f1a nueva)\" title=\"WhatsApp\"><svg viewbox=\"0 0 24 24\" aria-hidden=\"true\"><path d=\"M17.472 14.382c-.297-.149-1.758-.867-2.03-.967-.273-.099-.471-.148-.67.15-.197.297-.767.966-.94 1.164-.173.199-.347.223-.644.075-.297-.15-1.255-.463-2.39-1.475-.883-.788-1.48-1.761-1.653-2.059-.173-.297-.018-.458.13-.606.134-.133.298-.347.446-.52.149-.174.198-.298.298-.497.099-.198.05-.371-.025-.52-.075-.149-.669-1.612-.916-2.207-.242-.579-.487-.5-.669-.51-.173-.008-.371-.01-.57-.01-.198 0-.52.074-.792.372-.272.297-1.04 1.016-1.04 2.479 0 1.462 1.065 2.875 1.213 3.074.149.198 2.096 3.2 5.077 4.487.709.306 1.262.489 1.694.625.712.227 1.36.195 1.871.118.571-.085 1.758-.719 2.006-1.413.248-.694.248-1.289.173-1.413-.074-.124-.272-.198-.57-.347m-5.421 7.403h-.004a9.87 9.87 0 01-5.031-1.378l-.361-.214-3.741.982.998-3.648-.235-.374a9.86 9.86 0 01-1.51-5.26c.001-5.45 4.436-9.884 9.888-9.884 2.64 0 5.122 1.03 6.988 2.898a9.825 9.825 0 012.893 6.994c-.003 5.45-4.437 9.884-9.885 9.884m8.413-18.297A11.815 11.815 0 0012.05 0C5.495 0 .16 5.335.157 11.892c0 2.096.547 4.142 1.588 5.945L.057 24l6.305-1.654a11.882 11.882 0 005.683 1.448h.005c6.554 0 11.89-5.335 11.893-11.893a11.821 11.821 0 00-3.48-8.413Z\"\/><\/svg><\/a><\/span><\/li>\n      <li><svg viewbox=\"0 0 24 24\" aria-hidden=\"true\"><rect x=\"3\" y=\"5\" width=\"18\" height=\"14\" rx=\"2\"\/><path d=\"m3.5 6.5 8.5 6.5 8.5-6.5\"\/><\/svg><a href=\"mailto:info@gestionderiesgo.org\">info@gestionderiesgo.org<\/a><\/li>\n      <li><svg viewbox=\"0 0 24 24\" aria-hidden=\"true\"><circle cx=\"12\" cy=\"12\" r=\"9\"\/><path d=\"M12 7v5l3 2\"\/><\/svg><span>Monday to Thursday, 8:30 a.m. to 5:30 p.m.<br>Friday, 8:30 a.m. to 5:00 p.m.<\/span><\/li>\n    <\/ul>\n  <\/div>\n<\/div>\n\n<div class=\"cgf-bar\">\n  <div class=\"cgf-legal\"><img decoding=\"async\" class=\"cgf-pay\" src=\"https:\/\/gestionderiesgo.org\/wp-content\/uploads\/2023\/01\/Verified.png\" alt=\"Verified by Visa y Mastercard ID Check\" width=\"101\" height=\"34\" loading=\"lazy\"><p>\u00a9 2026 Gesti\u00f3n de Riesgo RD, SRL. All rights reserved.<\/p><\/div>\n  <nav class=\"cgf-pol\" aria-label=\"Policies\">\n    <a href=\"\/en\/politicasdeprivacidad\/\">Privacy<\/a><a href=\"\/en\/terminos-y-condiciones-2\/\">Terms and Conditions<\/a><a href=\"\/en\/politicas-de-entrega\/\">Delivery<\/a><a href=\"\/en\/politicas-de-cancelacion\/\">Cancellation<\/a><a href=\"\/en\/politicas-de-devolucion\/\">Returns<\/a><a href=\"\/en\/politicas-de-reembolso\/\">Refunds<\/a><a href=\"\/en\/politicas-de-seguridad\/\">Security<\/a><a href=\"\/en\/preguntas-frecuentes\/\">Frequently asked questions<\/a>\n  <\/nav>\n<\/div>\n<\/footer>\n\n<style>#cgr-foot .cgf-ct li a.cgf-wa{display:inline-flex;vertical-align:middle;margin-left:8px}#cgr-foot .cgf-ct li a.cgf-wa svg{width:18px;height:18px;margin:0;fill:#25D366;stroke:none}<\/style><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Bulletin of the Superintendency of Pensions with system data at the end of the first half of 2026: individual capitalization funds of RD$1.32 trillion, historical nominal return of 7.8 %, a larger private sector weight in portfolios and rising members and contributors.<\/p>","protected":false},"author":1,"featured_media":26840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"cgp_org":"Superintendencia de Pensiones de la Rep\u00fablica Dominicana","cgp_siglas":"SIPEN","cgp_tipo":"Informe","cgp_fecha":"2026-07-01","cgp_url":"https:\/\/sipen.gob.do\/index.php\/descarga\/boletines-trimestrales_2026_07_1785535546.pdf","cgp_pdf":"https:\/\/sipen.gob.do\/index.php\/descarga\/boletines-trimestrales_2026_07_1785535546.pdf","cgp_idioma":"Espa\u00f1ol","cgp_pais":"Rep\u00fablica Dominicana","cgp_temas":"Pensiones,Estabilidad financiera,Riesgo de mercado y liquidez","cgp_portada":"https:\/\/gestionderiesgo.org\/wp-content\/uploads\/2026\/10\/pub-sipen-boletin-estadistico-trimestral-92-segundo-trimestre-2026.jpg","cgp_verificado":"2026-10-18","cgp_origen":"nueva","cgp_fuente":"Regulador y supervisor local","cgp_paginas":"94","cgp_autores":"","cgp_fecha_texto":"segundo trimestre de 2026","cgp_portada_tipo":"doc","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[74],"tags":[],"class_list":["post-26841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publicaciones-del-sector"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/gestionderiesgo.org\/wp-content\/uploads\/2026\/10\/pub-sipen-boletin-estadistico-trimestral-92-segundo-trimestre-2026.jpg","_links":{"self":[{"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/posts\/26841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/comments?post=26841"}],"version-history":[{"count":1,"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/posts\/26841\/revisions"}],"predecessor-version":[{"id":26842,"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/posts\/26841\/revisions\/26842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/media\/26840"}],"wp:attachment":[{"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/media?parent=26841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/categories?post=26841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gestionderiesgo.org\/en\/wp-json\/wp\/v2\/tags?post=26841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}