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The new pension reform began to govern in Chile


Retiree march in Santiago prior to the approval of the reform.

This May 1 entered into the reformone of the main campaign promises of the of Gabriel Boricthe one that establishes in a way gradual several substantive changes such as Increased universal guaranteed pension (PGU), a new final of a 8.5% charged to the employer and one compensation for due to your greatest life expectancy.

Thus, the measure is the of Pension lagoon of the TESTING INSURANCE, that this ’s began to govern and that thus becomes a universal benefit, helping to The low of those who have had pension lagoons they are left without .

The pension reform was the horse of the Gabriel Boric campaign.

The following measure, which was a for arduous debates, will to be applied in August and it is the new price by the employer, which will rise from the 1.5% current to 8.5% within 9 to 11 years. Of this figure, 4.5% will go to the individual accounts administered by the AFPs and the remaining 4% will go to the Pension Social Security (SSP).

In September the desired will materialize Increased PGU -What will also apply to exemptions-, which will reach $ 250,000 per month (USD 265) For retirees over 82 years. A year later -in September 2026 -, it will also cover those over 75 and the same month of 2027 will do it for those with 65 years.

In January 2026 The new will also begin to be paid Social Security, which includes compensation for quoted years and a special for women for life expectancy, which will allow their pension to equate to that of men, as long as they have savings and a similar .

Finally, in August 2027 The first will be carried out Affiliate stock tenderauctioning 10% of the total universe assigned to the system to the AFP offered by the most competitive , a commission that must be maintained for five years.

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