Mid-June is the deadline for legislative proceedings for the government bill. Political negotiations will be intense.
Chilean Senate to begin reviewing pension reform in March
The text passed by the Chamber of Deputies will go through a debate stage, which is expected to be tough and complex, and may not be voted on until the last half of the year.
Peru, Colombia and Chile raise basic pensions
The 2023 inflation adjustment measures have been presented in the framework of the debate on the reforms to the private pension system.
AFPs likely to begin to receive an injection of flows from pension debts next year
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.
Industry associations prepare arguments for repositioning of pension debate
The main concern is the fiscal cost and the impact on the financial market.
Peruvian government proposes pension system reform
Prohibition of new withdrawals and entry of new players into pension fund management are some of the innovations.
AFP profits don’t seem to concern pension participants
According to a survey, 60% of workers still prefer to join the private pension system over the public system.
Longevity insurance could unblock pension discussion
A proposal by the centrist Democrats party could open a space for negotiation based on political and technical pragmatism.