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Chile's Next Generation Pension Reform (PDF)
U.S. Social Security Administration [SSA]
Oct. 23, 2008
16 pages. Excerpt: Since its inception in 1981, Chile's system of mandatory individual retirement accounts has become a model for pension reformers around the world. A March 2008 comprehensive pension reform law made major changes that address some key policy challenges including worker coverage, gender equity, pension adequacy, and administrative fees. The cornerstone of the new law sets up a basic universal pension as a supplement to the individual accounts system.
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