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....
Tag : Pensions
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...
The Pension System in Chile: “A Reform is Not Enough”
On Wednesday, July 15, Chile’s lower house of Congress votes again on a bill that would allow Chileans to withdraw 10 percent of their pension...
Withdrawing the Pensions: Who’s Gonna Pay the 10%?
In times of pandemic, political populism has taken the media agenda. The latest crusade is the withdrawal of 10% from private pension funds (AFPs), but...
Opposition Seeks to Nationalize Chilean Pension System
by Diego Rivera
SANTIAGO – Representative Camila Vallejo presented a new bill to Congress to declare the pension funds as part of the state. This bill would be...
Piñera Presents His New Plan for 2020
by Diego Rivera
SANTIAGO – The President met with his cabinet over the weekend to map out a new direction for his administration. The new plan he presented...