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Sebastián Piñera, the brother of José Piñera and later president of Chile, said during the presidential candidacy in 2006: Chile's social security system requires deep reforms in all sectors, because half of Chileans have no pension coverage, and of those who do, 40 percent are going to find it hard to reach the minimum level.
After promoting a plan of free market reforms that he considered could double Chile's annual rate of growth to 7%, he became, first, Secretary of Labor and Social Security (1978–1980), and then, Secretary of Mining (1980–1981), in the cabinet of General Augusto Pinochet. As such, he was responsible for four structural reforms: the creation ...
Boric has been critical of the social and economic model established in Chile during the dictatorship, arguing that it has continued even after the transition to democracy. During the 2021 election, he pledged to dismantle the country's neoliberal economic model, stating that, "if Chile was the cradle of neoliberalism, it will also be its grave."
Additionally, neither Biden nor Trump pushed hard for major Social Security reforms during their respective first presidential terms. However, Trump is about to have a second chance to do ...
All Social Security recipients will soon receive a raise. On Oct. 10, 2024, the Social Security Administration (SSA) announced that benefits for more than 72.5 million people will increase by 2.5% ...
According to Social Security’s chief actuary, Steve Goss, the biggest reason the 1983 Social Security reforms haven’t had their desired effect is that the amount of earned income subject to ...
Since becoming President, Boric's government, where more than half of his cabinet are women, [4] has prioritized pension reform, [5] his proposals to nationalize lithium mining, [6] attempt to enact gun control measures, [7] expand LGBT rights in Chile, [8] progressive tax reforms, [9] and his government's efforts to approve a new Constitution.
This is intended to help seniors and other Social Security recipients keep up with inflation and is based on Consumer Price Index (CPI) data from the third quarter of 2024. While the 2.5% COLA isn ...