Chile pension reform may be slow despite pressures
Although popular protests highlight the salience of the issue, pension reform will not be a congressional priority
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In this article
- Defined-contribution system of individual savings accounts
- Redistributive tier
- Voluntary individual pension savings
- AFPs
- Proposed changes
- Creation of a new solidarity fund
- Changes in AFP regulation
- Industry competition
- Compulsory AFP contribution by the self-employed
- Cross-subsidy for women
- Criticisms
- Retirement age
- Impact on investment policy
- Back-door nationalisation?
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