Chilean President Gabriel Boric Font has submitted before Congress a bill to end the pension fund administrators system created under dictator Augusto Pinochet.
Switzerland is known as a country of direct democracy since voting on referendums is practiced quite often, as happened on Sunday when voters accepted the government's pension reform albeit by a narrow margin.
The Peruvian government enacted a law that allows citizens a second withdrawal of funds from the private pension system in order to ease the economic blow from the coronavirus pandemic, according to the official newspaper El Peruano.
Trains cancelled, schools closed: France scrambled to make contingency plans on Tuesday for a huge strike against pension overhauls that poses one of the biggest challenges yet to President Emmanuel Macron's sweeping reform drive.
Jair Bolsonaro, Brazil’s president, likes romantic metaphors. “Our marriage is stronger than ever,” he said in May after the press speculated that he was at odds with the economy minister, Paulo Guedes. “The marriage ended with no hard feelings,” he said this month after sacking Carlos Alberto dos Santos Cruz, a minister who had said that others in government should be more careful on social media—thus outraging Bolsonaro fans who tweet about the virtues of military rule and the horrors of homosexuality.
Brazil’s Economy Ministry warned that the economy will slip into recession next year and official interest rates could more than double unless Congress approves measures to reduce the deficit in the country’s pension system.