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Montevideo, September 29th 2022 - 02:16 UTC
Two biannual reports revealed Chile as one of the countries with the worst pension statistics and the highest citizen out-of-pocket expenditure on health among Organization for Economic Cooperation and Development (OECD) nations. Read full article
The solution is a 10% employer contribution fazed in over the next 10 years and a minimum 15% contribution by the employee, also the pension funds should be government guaranteed and be banned from charging fees. The fee restructuring should also take place over the 10 year employer contribution faze in period. The pension funds have no excuse not to be able to thrive given the huge amounts of money under their management. At last count it was over 165 billion Dollars. This may sound a little left wing but I'm confident it's a winner.
(1) The Chilean perspective
This may sound a little left wing but I'm confident it's a winner.
In the Chile of the seventies, one could get killed for less...
Welcome to reality, comrade compadre...
Hasta la victoria siempre...
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