translated from Spanish: Pension reform: Government announced that the public entity will administer the additional 4%

The Minister of Finance, Felipe Larraín, announced that the 4% additional nuances, raised in the project of reform to the pension system, will be administered by a public entity.
The Secretary of State announced the information, in the midst of the debate in the Chamber of Deputies on approving the idea of legislating the initiative of the executive.
Larraín pointed out that “we value and welcome the approaches and appreciate the willingness and willingness to dialogue”, referring to the approaches of official parliamentarians and Christian Democracy.
Precisely this morning, the DC delivered a series of proposals to the Government, where it was necessary to make it clear whether it would be a state agency that would administer the additional 4% of quotation.
In this line, Larraín stated that “with respect to the additional 4%, I want to be clear and emphatic: we will present indications for a new and unique public entity to take over this 4% additional”, according to the slogan Emol.
In addition, he added that “we will reduce the time period between the approval and validity of the law, between 6 and 7 months in the present, at 90 days. We want our vulnerable older adults to be able to receive an increase in their pensions by January 2020, but hopefully sooner, if this Congress dispatches the bill earlier. ”
Finally, the head of the Treasury called “all parliamentarians who share this objective to approve the idea of legislating and discussing together the details that will further improve this project.”

Original source in Spanish