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Chilean Congress Passes Pension Fund Withdrawal Bill

RIO DE JANEIRO, BRAZIL - The Chilean Chamber of Deputies passed a bill that allows for the exceptional withdrawal of ten percent of pension funds due to the coronavirus pandemic.

Legislators endorsed the modifications introduced by the Senate and the bill is set to be enacted by President Sebastián Piñera - who was dealt a heavy political blow - within the next 30 days.

The initiative, promoted by the opposition to Piñera's government given the delay in delivering aid to the middle classes to tackle the economic crisis after more than four months of semi-stagnation by the coronavirus . . .

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