Chile’s President Pinera Seeks Constitutional Court Help to Head off Pensions Bill

The bill’s supporters say it would help Chileans struggling to deal with the economic fallout from the coronavirus. They have criticized the government for an inadequate response.

RIO DE JANEIRO, BRAZIL - Chilean President Sebastian Pinera said on Sunday his government would appeal to the country’s Constitutional Court to halt an opposition measure aimed at allowing citizens to draw down a second installment from their privately held pensions.

Pinera said the legislation was unconstitutional since it implied a cost to the public purse that can only determined by the executive, and posed a “grave risk” to the future pensions of Chileans as well as offering another tax-free windfall to higher-income individuals who did not need it.

“All authorities, and especially the president of the republic . . .

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