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MIL OSI Translation. Region: Spanish / Latin America / UN –

Source: Chamber of Deputies of Chile

The project that seeks to reform the pension system and that, among its objectives, contemplates improving the pensions of the solidarity and individual capitalization system (bulletin 12212), was in a position to move to the Chamber, after the Finance Commission concluded its work and will finish ratifying the articles of the initiative.

At the end of the session, the Minister of Finance, Felipe Larraín, said they were satisfied with the result, particularly for having approved between 90 and 95% of the proposal originally proposed by the Executive and whose central points he went on to explain.

“The evaluation we have is very positive, because we have approved the largest contribution of 4%; the contribution for the solidarity insurance of 0.2%; we have approved the increases for the solidarity pillar, both in basic solidarity pension and in pension with solidarity pension contribution (APS); in such a way that the new Social Security Administrator Council is also approved; and it is, in short, the financing of the project, so the bulk, the great part of this project will already be approved to the Chamber, ”he said.

In the ruling party there was also content for the dispatch of the project to the Chamber and, as deputy Sofia Cid (RN) put it, the call to the different sectors is to support it and take it out quickly, so that its dispatch to the Executive is to end of December, to start on January 1 with the benefits. “This is a project that takes care of older adults, which takes care of women. I think we have to highlight that, ”he added.

Deputy Guillermo Ramírez (UDI) said that, probably, this is the most urgent and necessary reform of those that are currently being processed in Congress, whose progress could be achieved on the basis of agreements.

“We have all had to give in. Today, like Chile Vamos, we voted in favor, again, of the creation of the famous entity that proposed the opposition that will not increase pensions; that increases bureaucracy; that increases state spending; that makes people pay double commission, but we vote in favor because we are honoring an agreement, ”he said.

For his part, the deputy Alejandro Santana (RN) considered that, unlike the Labor Commission, there was respect for the indications that were inadmissible, since none of them was changed status, which allowed a more pragmatic debate, where The nuances were present, but that enabled the project to be approved.


The president of the Finance Commission, deputy Daniel Núñez (PC), considered that the “Government of Sebastián Piñera is generating expectations that are unable to meet” and that they have no support in terms of pensions.

“Here, this bill that maintains the base of the private pension system with the AFP, with the individual capitalization account will not produce substantive improvements in the pensions of Chileans and Chileans; from that point of view you have to be very frank and very clear, ”he said.

For the deputy 1. Recognize the individual effort of the workers and fully respect their property rights on contributions and pension savings that accumulate in their individual accounts. Concentrate the greatest fiscal effort on the most vulnerable, in the middle class and on women. 3. Ensure that each change helps, directly or indirectly, improve pensions. 4. Avoid negative effects of reforms on economic growth and job creation. 5. Fiscal responsibility, ensuring the long-term sustainability of the benefits, particularly those financed with the public budget.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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