Study estimates the pensions that chilean men and women who are 5 years away from legal retirement age would have, calculating the pensions of the individually funded system in Chile and with the rules of other countries that have pay-as-you-go systems, such as Canada, Spain, USA, Japan, the Netherlands and Uruguay.

The chilean capitalization system, with the lowest contribution rate in the countries analyzed, provides a high pension when compared to the average income of pension funds members.

In Chile, all contributing workers receive their savings in the form of a pension, something that is not the case in some countries.

Those who accumulate less than 10 years of contributions would not receive any pension if the US pension calculations are applied and those who accumulate less than 15 years of contributions would not receive a pension with Spanish standards either.

Pensioners with less than 10 years of contributions under the calculation rules of Canada, the Netherlands, Japan or Uruguay would have obtained a pension, but for amounts lower than those of capitalization in Chile.

Half of the new old-age pensioners in Chile between 2017 and 2020 contributed for less than 15 years, while only 20% contributed for more than 30 years.

For those who contribute between 30 and 35 years, Chilean pensions would be higher than those of Canada and Japan. In the case of those who contribute between 35 and 40 years, Chilean pensions are higher than those obtained in the Netherlands, Canada and Japan.

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