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The Chile pension system (Spanish: Sistema Previsional) refers to old-age, disability and survivor pensions for workers in Chile.The pension system was changed by José Piñera, during Augusto Pinochet's dictatorship, on November 4, 1980 from a PAYGO-system to a fully funded capitalization system run by private sector pension funds.
The Pension Reserve Fund (PRF) of Chile is a sovereign wealth fund established on 28 December 2006 with an initial contribution of $604.5 million. [1] It was established in response to Chile’s new demographic scenario characterised by an increase in life expectancy and the growth of senior citizen population, adding on yet another challenge for the government in terms of greater future ...
The poorest individuals can apply for the Basic Solidarity Pension of Invalidity (Pensión Básica Solidaria de Invalidez PBSI). [16] Those who have not contributed to the Social Security system can apply for disability pensions. [17] As of 2015, the pensions only cover around 23 percent of people with disability in Chile. [17]
AFP Cuprum is a publicly traded, leading Chilean pension company with $32.1 billion in assets under management. 3 Their products include mandatory defined contribution pensions (AFP), voluntary ...
Superintendent of Securities and Insurance of Chile; In office 2 May 2003 – 11 March 2006: Preceded by: Álvaro Clarke de la Cerda: Succeeded by: Alberto Etchegaray de la Cerda: Superintendent of Pensions system of Chile; In office 1 April 2000 – 30 April 2003: Preceded by: Julio Bustamante Jeraldo: Succeeded by: Guillermo Larraín Ríos
Basic pension: Social insurance system: No, closed in 2008: N/A Armenia: Social assistance: Social insurance system: Mandatory individual accounts: Voluntary pensions Australia: Social assistance: Mandatory occupational pension system: N/A: N/A Austria: No: Social insurance system: Occupational pensions: Private pensions Bahrain: No: Social ...
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It was founded in 1981 under the eaves of Decree Law 3.500 in Chile launched a modern private pension system with the growing 59 branches nationwide, [1] replicated in 10 years in Latin America countries (such as Mexico, Ecuador and Dominican Republic) and also in Eastern Europe.