Propuesta de un Modelo Alternativo para Mejorar la Rentabilidad de los Fondos Captados por el Régimen Obligatorio de Pensiones Complementarias de Costa Rica (A proposal for an alternate model to increase the profitability of supplementary pension)
Article Sidebar
Main Article Content
Abstract
El presente trabajo de investigación plantea unapropuesta de un modelo alternativo para mejorar larentabilidad de los fondos captados por el RégimenObligatorio de Pensiones Complementarias de CostaRica, a partir del modelo de Multifondos implementadoen Chile y Colombia, para un manejo más eficiente delas inversiones de los Fondos de Pensiones. El modelode Multifondos propuesto consiste en un conjuntode tres fondos de pensiones, los cuales se diferencianen cuanto a sus límites de inversión en renta variable.La ley y reglamentos en relación con el ROP, permitenadoptar el modelo Multifondos, ya que las modificacionesa realizar son a nivel de funcionamiento operativode la administración de las cuentas individuales y delas inversiones, para lo cual sería necesario modificarúnicamente el Reglamento. Los Multifondos puedenayudar a resolver las deficiencias del Régimen Obligatoriode Pensiones Complementarias vigente, principalmente enmateria de diversificación de los portafolios de inversión.
ABSTRACT
This study proposes an alternate model to increasethe profitability of supplementary pension funds gatheredby the Costa Rican mandatory pension system based onthe multiple funds model applied in Chile and Colombia,for a better and efficient way to manage the investmentsof Pension Funds. The proposed multiple funds modelis comprised by three pension funds, differentiatedonly by their variable rate investing limits. The rulesand regulations of the Mandatory Pension System(MPS) allow the adoption of a multiple funds model,as the modifications to be done for the management ofindividual accounts and investments are at the operationallevel, requiring only a modification of the regulations.Multiple funds can help clear out current deficiencies ofthe Supplementary Pension Fund Mandatory System,mainly regarding investment portfolio diversification.
Article Details
The digital version of the journal is registered under the BY-NC-ND 4.0 Creative Commons license. Therefore, this work may be copy and redistribute the material in any medium or format, as long as you give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
The authors keep the copyright and give the journal the right of the first publication and the possibility of editing, reproducing, distributing, exhibiting and communicating in the country and abroad through printed and electronic means. On the other hand, the author declares to assume the commitment on any litigation or claim related to the rights of intellectual property, exonerating of responsibility to the Business School of the Costa Rica Institute of Technology.