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Reforming PensionsPrinciples and Policy Choices$
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Nicholas Barr and Peter Diamond

Print publication date: 2008

Print ISBN-13: 9780195311303

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780195311303.001.0001

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Chile: The Pension System

Chile: The Pension System

Chapter:
(p.227) 12 Chile: The Pension System
Source:
Reforming Pensions
Author(s):

Nicholas Barr (Contributor Webpage)

Peter Diamond (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195311303.003.0012

This chapter describes and assesses the post-1981 pension system in Chile (that is, the arrangements prior to the 2008 reforms). That system is based on mandatory saving in individual accounts, with competition among providers both for the savings element and for annuities.

Keywords:   administrative charges, annuities, Chile, coverage, fiscal cost, funding, individual accounts, mandatory saving, pensioner poverty, pensions

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