OECD Social, Employment and Migration Working Papers no:86 – Pension Reform in Chile Revisited: What Has Been Learned

Year Published 2009
Business unit: Special Projects
Resource type: Briefing notes
File type: PDF
Theme(s): Employment & labour markets, Labour, Public Service & Administration

Description

The paper describes Chile’s pension reform of 1980, which replaced the existing pay-as-you-go public pension programs by a new funded pension program managed by private companies (the “AFP ́s”). It comments on the main results of this reform so far, and identifies the current challenges faced by the country’s pension system. The paper also describes the changes introduced to Chile’s pension system in March 2008 and assesses their potential impact.

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