A group of pensioners and teachers marched Wednesday again through the streets of Caracas to protest against their meager income and to demand the payment of overdue adjustments and bonuses agreed upon through collective bargaining with President Nicolás Maduro's administration.
Venezuelan senior citizens Wednesday marched through Caracas' Plaza de La Moneda, not far from the presidential Miraflores Palace, to launch an SOS message and call for help as they can barely survive on their pay.
Peru's Congress approved a law that allows citizens to partially draw down their contributions to the state pension fund, a few months after doing the same with the private system and despite fierce opposition from the government.
Colombia is the latest Latin American country considering a plan to let workers tap private pension savings, a move intended to soften the slump in consumer spending but which risks worsening some of the world’s deepest stock market slumps.
Chilean senators on Wednesday voted to approve a controversial bill that allows citizens to withdraw 10% of their pension savings to help ease the economic impact of the coronavirus outbreak.
Protesters in Santiago defied a citywide lockdown meant to combat the spread of the coronavirus, barricading roads and looting early into the morning on Wednesday in support of a proposal to allow Chileans to withdraw part of their pensions amid the crisis.
Chilean lawmaker launched hundreds of internet memes on Wednesday when she ran through congress wearing a pink cape and waving matching fans to celebrate passage in the lower house of a coronavirus emergency aid measure.
Far-right Brazilian president Jair Bolsonaro’s new government wants to save 1 trillion Rreais (some US$ 269.48 billion) over 10 years via pension reforms economists say are vital to undo the growing fiscal deficit, a Brazilian newspaper reported on Monday.