Business Interests Working to Derail Reform to Chile’s Pension System

Thousands of workers march against the Pension Fund Administrators, Santiago, Chile, July 24, 2016 (AP photo by Esteban Felix).
Thousands of workers march against the Pension Fund Administrators, Santiago, Chile, July 24, 2016 (AP photo by Esteban Felix).

Protesters have taken to the streets in Chile to demand that the country’s pension system, which was privatized in 1981 during the dictatorship of Augusto Pinochet, be reformed or scrapped all together. In an email interview, Jennifer Pribble, an associate professor of political science and international studies at the University of Richmond, discusses Chile’s pension system and the prospects for its reform. WPR: How is Chile’s pension system currently organized, and what problems is it now facing? Jennifer Pribble: In 1981, during Pinochet’s dictatorship, Chile privatized its pension system, eliminating the pay-as-you-go system for all except the military. Under the […]

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