Chile’s 2008 re-reforms: what are they and what are the implications?. By Estelle James, Alejandra Cox Edwards & Augusto Iglesias MRRC Research Workshop, April 2010. Chile is well-known for its 1981 social security reform.
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Chile’s 2008 re-reforms: what are they and what are the implications?
By Estelle James, Alejandra Cox Edwards & Augusto Iglesias
MRRC Research Workshop, April 2010
Main change--larger public benefit
Basic benefit = CH$75,000 if private pension = 0
APS = supplemental pension = basic benefit - .294 private pension
PAF = private pension
Total pension = basic benefit or (APS + private pension)
Estimated fiscal costs of Chile’s new public pillar (as % of GDP)
Source: Authors’ calculations based on estimates of numbers of PBS and APS old age recipients in bottom 6 deciles of households, using 2006 CASEN data up-dated to 2008 $s