Why Chile’s pension overhaul is more than a reform
Chileans have become cynical about their leaders, and the leaders have become cynical about citizens. The pension reform introduced by the government is one factor...
Tag : afp
What does the reform of the Chilean pension system mean?
President Gabriel Boric recently presented a new bill that seeks to replace the existing Chilean pension system. The bill qualifies the state to be co-administrator...
Fifth AFP withdrawal and pension reform on the horizon
By popular demand, the government plans to reform the country’s private pension system (AFP). Finance Minister Mario Marcel said a bill will be sent to...
Insurance associations ask politicians to reject fourth pension withdrawal
Insurance associations have requested international intervention in a possible fourth AFP pension withdrawal. According to letters they have sent, the withdrawal could be harmful to...
Government Promulgates Third Pension Withdrawal Law After Constitutional Court Defeat
SANTIAGO – Once again, a bill seeking a partial withdrawal of pension funds by Chileans to relieve economic stress has caused upheaval in Chile’s government....
Bill for Second 10 Percent Withdrawal from Pensions Fund Causes Controversy
SANTIAGO — The pandemic and the social outbreak have had a huge impact on the Chilean economy. In late July, Congress passed a bill that...
Chileans Now Allowed to Withdraw 10 Percent of Pensions
SANTIAGO – As of this morning, July 30, Millions of Chileans are now allowed to withdraw 10 percent from their privately-managed AFP pension funds. In...
Five Pillars for a Pension Reform in Chile
With the enactment of the law that allows the withdrawal of 10% of AFP funds, the door is open for a real reform to the...
From Pinochet to Pandemic: a History of Chile’s AFPs
by Diego Rivera
The privately managed pension accounts (AFPs) are legacies of the Pinochet dictatorship. The debate over a 10% withdrawal from the funds has the defenders of...
Chile’s Lower House Approves Withdrawal of Pension Funds
SANTIAGO – The Chilean Lower House has approved the part of the pension bill that allows Chilean to withdraw up to 10 percent of their...