The bill maintains four pillars and designates Banco de la República as manager of the public pension fund.
AFPs likely to begin to receive an injection of flows from pension debts next year
February 2, 2024 by
The Superintendency of Banking, Insurance and AFPs (SBS) created a mechanism for regularizing debts which would transfer around USD 1.2 billion into the Private Pension System over the next 10 years.
Longevity insurance could unblock pension discussion
September 15, 2023 by
A proposal by the centrist Democrats party could open a space for negotiation based on political and technical pragmatism.
Piñera cracks whip on Congress to avoid third withdrawal from AFPs
March 19, 2021 by
The Senate seems unlikely to pass a bill allowing AFPs to touch any additional money flowing from worker paychecks to meet pension obligations.
AFPs: Wave of reforms sweeps Chile and Peru
December 22, 2020 by
Along with approving the withdrawal of funds to fend off economic hardships caused by the pandemic, deep reforms are being discussed in both countries.
AMLO floats bid to increase Afore contribution rate to 15%
August 26, 2020 by
The Mexican president's surprise announcement would boost contributions from the current 6.5% rate over eight years, with employers footing the bill.
Colombian AFP association adds voice to coming 2020 reform package
November 16, 2019 by
Jorge Llano Salamanca of private pension association Asofondos, argues that Colombia is hampered by problems in the public pension sector, which he views as unsustainable.
Amid mass protests in Chile, fierce debate expected on additional 5% pension contribution
November 8, 2019 by
The anti-establishment fervor in Chile makes it nearly impossible to imagine increased withholdings heading to the AFP system.
Chilean labor-committee amendment would force AFPs to eat cross-border-fund fees
July 29, 2019 by
AFPs and cross-border managers are clinging to hopes that the amendment will be expunged or reversed before the final pension-reform bill goes to a vote in the Congress.
AFPs are third in line for independent-worker contributions
March 20, 2019 by
The staggered implementation, progressivity and varied purposing of independent workers’ contributions will cut into the planned inflows of AFP pension managers, notes AFP Association president Andrés Santa Cruz.
