Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 13 pages
Data source: Published sources
Topics:
Chilean pension system; Social security system; Pay-as-you-go system; Individual retirement accounts and individual capital accounts; Pension reforms; Administradoras de Fondos de Pensiones; Superintendencia de Administradoras de Fondos de Pensiones; SAFP; Recognition bonds; Privatisation of pension system; General Pinochet; Superintendent of Pension Fund Management Companies; EMPART; Servicio de Seguro Social; CANAEMPU
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https://casecent.re/p/20808
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Abstract
Inherent weaknesses in the pay-as-you-go system and political expediencies, which contributed to the problems in the pension system, necessitated pension reforms. In 1981, Chile pioneered the pension reforms. These reforms were radical and had far-reaching consequences. The countries that had never reformed their pension systems due to a myriad of problems started emulating the Chilean Pension Model. Since then this model has been attracting lots of interest all over the world. This case studies the old pension model, the transition and the new Chilean model.
About
Abstract
Inherent weaknesses in the pay-as-you-go system and political expediencies, which contributed to the problems in the pension system, necessitated pension reforms. In 1981, Chile pioneered the pension reforms. These reforms were radical and had far-reaching consequences. The countries that had never reformed their pension systems due to a myriad of problems started emulating the Chilean Pension Model. Since then this model has been attracting lots of interest all over the world. This case studies the old pension model, the transition and the new Chilean model.