Investments in foreign currencies Administrators of the Pension Fund (AFP) around 25% of his portfolio, he said today Luis José Jiménez, Vice President Finance & Operations AFP POPULAR.
“We cannot invest abroad due to a regulatory issue, but if we have investments in hard currencies“, said.
“Nearly 25% of the AFP portfolio is in hard currency and it is obviously a decision of the AFPs that seeks to protect the long-term investment that we are making,” said the vice president of AFP Popular.
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Luis Jimenezby participating in the weekly lunch of the “Corripio Communications Group” where the members of the Dominican Association of Pension Fund Administrators (ADAFP)stated that what happened to savings in February was a reduction but not a loss and occurred in a timely manner in relation to the historical.
“The February case was very punctual, because if you see it historically, the investment in currencies that we have made has been a positive return. And she has been recovering, “he said. Jimenez.
retirement age
On his side, the manager of the Pension Fund Administrators Reserves (AFP Reserves), Joel Santos Echavarríastated that among the proposals to modify the Law 87-01 there are no approaches that seek to modify the retirement age from 60 to 65 years.
“We are not proposing to mobilize the retirement age, it is not within our proposals. Because at the end of the day, the Dominican is going to stay active as long as he considers that being active in the labor market is personally profitable, ”he said. Saints.
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In addition to Luis Jose Jimenez Y Joel Santos Echavarria were at the meeting Kirsis JaquezExecutive President ADAFP; Hector Jose Rizek GuerreroExecutive President AFP CRECER; Alvin Martinez LlibreExecutive Vice President AFP SIEMBRA and Yinett SantelisesDirector of Communications and Public Relations ADAFP.
