Regulatory Alerts2017-06-27
Law No. 87-01 Creating the Dominican Social Security System
The Dominican Republic's National Social Security Council enacted Law No. 87-01 to establish a unified Social Security System comprising contributory, subsidized, and subsidized-contributory regimes. The legislation defines the structure, financing, and administration of the Old Age, Disability, and Survivorship Insurance alongside the Family Health Insurance, creating specialized supervisory bodies like the Pension Superintendence. It mandates the creation of Pension Fund Administrators and Health Risk Administrators while establishing transition periods and social services for the elderly.
Share