Diputados/as rechazan en la Cámara iniciativa de sexto retiro de fondos de AFP: votación de parlamentarios del distrito 8 (Maipú)

The Chilean Chamber of Deputies rejected the proposal for a sixth withdrawal of funds from the country’s pension system. The initiative sought to allow retirees from the country’s pension funds to withdraw up to 100% of their retirement savings. The vote was taken by parliamentarians from the 8th district of Maipú and was closely watched by many in the country. A total of 37 votes were cast in favor of the proposal and 65 against, leading to its rejection. This comes after Chile has already seen five withdrawals of pension funds due to the economic impact of the COVID-19 pandemic. Many Chileans have expressed frustration and concern over the pension system’s ability to provide for their needs in retirement. However, despite public pressure, parliamentarians continue to reject additional withdrawals due to fears of further damaging the pension system’s financial stability. The issue of pension reform remains a hotly debated topic in Chile, and a key focus of many political campaigns. The vote sends a clear message that politicians are unwilling to make easy concessions to the public’s pension needs but will instead focus on long-term policy solutions to tackle the country’s pension system’s deep challenges.