Chilean President Gabriel Boric Font Thursday signed into law the new pensions reform introducing changes to the retirement mechanism in force since Augusto Pinochet Ugarte's military dictatorship (1973-1990). The new law will become effective starting in September 2025 and be fully implemented by 2035. It provides for a mixed system with contributions from workers (10%), employers (8.5%), and a new state-backed social security component, in a move to boost pensions by 14% to 35% for 2.8 million senior citizens, thus addressing the low payouts from privately-managed Pension Fund Administrators (AFPs) currently giving about half the country's retirees about US$ 350 monthly when the minimum wage stands at US$ 500.
Add your comment!Chilean Congresswoman Karol Cariola, who is on maternity leave, turned in her resignation as Speaker of the Lower House after private chats in which she criticized President Gabriel Boric Font were leaked. Cariola is also under investigation for alleged influence peddling after she asked former Santiago Mayor and fellow Communist Irací Hassler to help a Chinese businessman friend, as other private conversations would have proven. She was also quoted as saying that Boric was a shitty human being and the current government, the worst thing that has happened to us.
1 commentGerman President Frank-Walter Steinmeier will be touring Uruguay, Paraguay, and Chile between February 28 and March 8, it was announced Monday in Berlin. The head of state will attend Yamandú Orsi's inauguration in Montevideo on March 1. He is also scheduled to meet with Paraguay's Santiago Peña and Chile's Gabriel Boric Font.
Chilean President Gabriel Boric Font landed in Montevideo Monday in what is his first visit to Uruguay since taking office. He held meetings with like-minded President-elect Yamandú Orsi and former head of State José Pepe Mujica, among other local leaders to discuss how to further strengthen regional integration.
Leftwing Presidents Luiz Inácio Lula da Silva of Brazil and Gabriel Boric Font of Chile Wednesday discussed regional integration during a telephone conversation amid Donald Trump's return to the White House and his spree of deporting illegal migrants.
Chilean President Gabriel Boric Font's trip to the South Pole was confirmed Thursday by the La Moneda Palace in Santiago after its feasibility had been questioned due to poor weather. The journey between Jan. 2 and 4, will include other officials as well as a scientific team to tour the Union Glacier Joint Scientific Polar Station and the Amundsen-Scott Base.
A case of alleged sexual assault dating back some 10 years has resurfaced against Chilean President Gabriel Boric Font just when the uproar from the scandal involving former Undersecretary of the Interior Manuel Monsalve was waning down with the official in pre-trial detention
Chinese President Xi Jinping told his Chilean counterpart Gabriel Boric Font in Lima on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in the Peruvian capital that he hoped to expand cooperation between both countries with free trade and open industrial policies. The Asian leader also highlighted that Chile was the first South American country to establish diplomatic relations with the People's Republic of China.
Presidents Dina Boluarte Zegarra of Peru and Gabriel Boric Font of Chile held a meeting Friday in Lima in the context of the Asia Pacific Economic Cooperation (APEC) leaders' meeting to celebrate the 202nd anniversary of diplomatic ties between the two countries, and discuss the support to vulnerable populations, SMEs, as well as bilateral trade and other common challenges.
According to the Cadem Plaza Pública survey released this weekend in Santiago de Chile, 42% of the citizenry would like their next president to resemble El Salvador's Nayib Bukele, who has an 81% positive image in the South American nation.