“We are going to make our efforts so that workers never again have to pay for a crisis with their own savings. which is global and therefore new withdrawals are not part of our program,” said Gabriel Boric in a program on the CNN Chile channel.
“I have a commitment from the then Broad Front bench, today we are Approve Dignity, and therefore more importantly, that no more withdrawals will be promoted,” he added.
The future president, who will take office in March, explained that the withdrawals empty workers’ savings, affect the local capital market and generate “undesirable” inflationary pressure.
When asked if he would go to legal instances to block these initiatives if the legislators, despite their opposition, decided to continue advancing, Boric said that “more than acting reactively, it is creating the conditions so that they do not happen again.”
After the failure of the fourth withdrawal, legislators have promoted progress in another project and even in allowing all the savings to be withdrawn.
The private system in Chile, controlled by the powerful Pension Fund Administrators (AFP), has been harshly criticized for the low pensions it provides.
Source From: Ambito
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