translated from Spanish: Socialist senators have proposed reform of pension mixed

book Socialist Senators presented Monday the second book of the ba nEach “A new system of pensions for Chile”, text that reflects the vision of the collective in the pension field. “Public opinion has seen us especially in a supervisory role. With this book, the second of the caucus of senators, the Socialist Party presents propositions, ideas, in the search for solutions for Chile”, said the head of bed, Rabindranath Quinteros.
In Chile, the pension that pensioners receive are 79% below the minimum wage. The diagnosis of the book, prepared by the academic Andras Uthoff, Hernán Frigolett and Hector Valladares raises that the current pension system lacks solidarity, requiring each person to self-finance their pension.
Similarly, continues the letter, “the AFP system is expensive and inefficient, and inequalities in the system are emphasized and reflected in women and most vulnerable economically”.
“Women quote less than men. The percentage of us publicly-traded does not exceed 50%. To this are added as a factor the fact that product of wage inequalities that we have had over the years, women quote by one income less than men. In addition, life expectancy we have is greater than that of men and we are the first to take charge of catastrophic sick or not autovalentes, that 75% are cared for by women”, said Sen. Isabel Allende.
Meanwhile, Senator José Miguel Insulza noted that, “at the international level, in all the countries of the OECD, except Chile, the employer quoted a percentage greater than or equal to the employee. Chile has the sixth lowest quotation of the Organization rate”.
In the opinion of the authors, the regulation of the private system has been insufficient and is has monitored or audited the power of financial schemes built behind the AFP, a key factor when thinking of possible changes in the welfare system.
“This is the second book in our Caucus. The first was on higher education and pro-growth agenda. Our intention is clear: influencing the debate of ideas of society. Concerning pensions, is inescapably a proposal for changes in the background to the AFP system, including specific measures that allow that in those regions or areas where proven job insecurity is an obstacle for people, despite their efforts, “they have pensions that allow them to continue to live after his retirement a dignified life”, said Senator Alfonso De Urresti.
Senator Juan Pablo Letelier stressed that “we believe that a new pension system is necessary. The current is delegitimized, because it is a perfect reflection of the inequalities in our society. We must move from the individualism of the current pension system to a scheme of social security that puts the focus on solidarity”, he said.
The text of the Socialist Senators caucus is a proposed academic and policy, which seeks dialogue with demand citizen that has been observed in recent years by fairer and more decent pension.
“the State must strengthen its regulatory role and assume a new role in the administration of pension funds, giving guarantees for all. Requires a strict regulation of the pension system, including, if necessary, effective punishment for those who implement illegal charges that affect social security savings, violate the secrecy of the information they handle, carry out traffic of influences and investments in related companies,”added Senator Álvaro Elizalde.
The book stresses the importance of equating the pension situation between men and women, increase the coverage of the system and establish a stricter regulation of the same.
“The Socialists propose to transform the current system of individual capitalization in one joint. Similarly, we propose the creation of a public pension administrator, integrating it into the current system managing a collective and solidarity fund, “said Senator Carlos Montes.
The proposal seeks the AFPs to reduce the flow of contributions that manage to half.
“We don’t want that this proposal is the last word, but we aspire to be the start of a comprehensive dialogue on this serious problem. “What nobody can ignore is that it is urgent to improve pensions and change the basis on which is based the system if we do not face one crisis even greater in the future”, ended Senator Quinteros.

Original source in Spanish