Tuesday, January 9, 2018

Chile’s Social Security

How to fix the US Social Security? 
But only if you want to.

Pension reform in Chile: retiring the state

Volcano in the Atacama Chile desert
In 1980, Chile’s military government approved a decree that would radically reshape the country’s pensions. The new, fully private system of insurance that was created quickly became an object of envy for other countries, some of whom would go on to attempt similar reforms of their own. How successful was the new system in practice and why, today, are the reforms revered as a landmark, in both the history of welfare policy and finance?
Chilean Model

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