At the end of November 2018, the Chilean government submitted a pension reform bill of law aimed at increasing the income of current and future pensioners. The main proposals of the project included:

• Strengthening the Solidarity Pillar
• A 4 % in the contribution rate, to the expense of the employer.
• Encourage competition in the sector, allowing the entry of new stakeholders, among other measures.
• Introduction of a severe dependency subsidy and insurance.

This Pension Note analyses the main characteristics of this bill of law

Download this Note in PDF here.