Employee Benefits in the Dominican Republic 2018
Summary
The Dominican Republic has a comprehensive social security system. There are three schemes under which social security benefits are granted to the country’s residents and citizens: a contributory scheme that covers employees; a contributory subsidized scheme for self-employed individuals and technicians that is yet to be implemented; and a fully subsidized scheme that covers unemployed and severely disabled persons who do not have a stab
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- List of Tables
- Table 1: Insurance Industry Definitions
- Table 2: Dominican Republic - Country Statistics
- Table 3: Contribution - Workmen’s Compensation
- Table 4: The Dominican Republic - Public Holidays
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- Table of Contents
- 1 EXECUTIVE SUMMARY
- 2 INTRODUCTION
- 2.1 What is this Report About?
- 2.2 Definitions
- 3 COUNTRY STATISTICS
- 4 OVERVIEW OF EMPLOYEE BENEFITS IN DOMINICAN REPUBLIC
- 5 REGULATIONS
- 6 STATE AND COMPULSORY BENEFITS
- 6.1 Retirement Benefits
- 6.1.1 Introduction
- 6.1.2 Types of Retirement Plan
- 6.1.3 Eligibility
- 6.1.4 Age
- 6.1.5 Pensionable salary
- 6.1.6 Benefits
- 6.1.7 Payment options
- 6.1.8 Typical employer practice
- 6.1.9 Employee and employer contributions
- 6.1.10 Taxation
- 6.2 Death in Service
- 6.2.
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