Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Chile and the Failure of a Privatized Pension System
National Public Pension Coalition [Opinion] Aug. 24, 2016
"In 1981... Chile radically reformed its pension system. It changed from a traditional public pension system to a system of mandatory individual retirement accounts.... The reformers who created Chile's privatized pension system promised that everyone would achieve 70 percent income replacement in retirement; the reality has been closer to 38 percent. The average monthly pension benefit is a meager $400, but many workers only have between $160 and $260 per month, hardly enough to sustain a dignified retirement."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |