The elected president of Chile, Gabriel Boric, assured that he will not support new withdrawals from savings in private pension funds, in charge of the Pension Fund Administrators (AFP) that were promoted by legislators to face the impact of the coronavirus pandemic. coronavirus.
Opposition legislators, including the new president, supported the approval of four partial withdrawals of funds during the pandemic, although the last one failed to be approved.
“We are going to make our efforts so that workers never again have to pay with their own savings for a crisis that is global and therefore new withdrawals are not part of our program,” he said in a CNN Chile program on Sunday morning. night.
“I have a commitment from the then Broad Front bench, today we are Approve Dignity, and therefore more importantly that no more withdrawals will be promoted,” he added.
The future president, who will take office in March, explained that the withdrawals empty workers’ savings, affect the local capital market and generate “undesirable” inflationary pressure.
When asked if he would go to legal instances to block these initiatives if the legislators, despite their opposition, decided to continue advancing, Boric pointed out that “more than acting reactively, it is creating the conditions so that they do not happen again.”
After the failure of the fourth withdrawal, legislators have promoted progress in another project and even in allowing all the savings to be withdrawn.
The private system controlled by the AFPs has been harshly criticized for the low pensions it provides.
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