Chile - Financial Sector Assessment Program : Technical Note - Pension System (English)

The pension system in Chile is known for the 1980 establishment of a defined contribution, individual account system managed by private pension funds (AFPs). In 2008 a major reform of the system took place to address issues of low coverage and low pension rates. In 2019 the Solidarity Pension rate was raised to the poverty rate following severe social unrest which included protests against the pension system, whilst in 2020-2021 large emergency withdrawals...

DETAILS

Author

Cohen,Charles;

Dijkman,Miquel;

Opferkuch,Beulah Chelva;

Davis,Richard Mark;

Stewart,Fiona Elizabeth;
Document Date
2021/10/31
Document Type
Financial Sector Assessment Program (FSAP)
Report Number
174046
Volume No
1
Country
Chile,
Region
Latin America and Caribbean,
Disclosure Date
2022/07/15
Disclosure Status
Disclosed
Doc Name
Chile - Financial Sector Assessment Program : Technical Note - Pension System

Language

English

Rel. Proj ID

CL-Chile FSAP Update -- P172020

Major Sector

FY17 - Financial Sector

Theme

FY17 - Financial Stability,FY17 - Financial Sector oversight and policy/banking regulation & restructuring

Sector

FY17 - Banking Institutions

Topics

Coronavirus (COVID-19),Pension Arrangements,Pension Funds,

Unit Owning

EFNFP

Version Type

Final

Series Name

Financial Sector Assessment Program (FSAP);

Product Line

Advisory Services & Analytics

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Citation

Cohen,Charles; Dijkman,Miquel; Opferkuch,Beulah Chelva; Davis,Richard Mark; Stewart,Fiona Elizabeth.

Chile - Financial Sector Assessment Program : Technical Note - Pension System (English). Financial Sector Assessment Program (FSAP) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099455207152241762

Chile - Financial Sector Assessment Program : Technical Note - Pension System (English)

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