Reforming Pensions in Chile*
نویسندگان
چکیده
In 1981, under military government, Chile moved away from a badly-designed set of diverse defined-benefit plans (Soto 2007), and put in place a mandatory fully-funded defined-contribution plan in the formal sector, with a guaranteed minimum for workers with at least 20 years of contributions. Moving to such a plan was widely touted by the Chilean authorities, by some analysts, and by the World Bank (e.g. World Bank, 1994). And many countries started partially down this road, both in Latin America and Central and Eastern Europe (Box 1).
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تاریخ انتشار 2016