translated from Spanish: Minister Zaldívar pointed to government promises on pensions in questioning

The Minister of Labour and Social Welfare, María José Zaldívar, was questioned on Tuesday in the Chamber of Deputies by Marcelo Díaz (PS), an opportunity at which she pointed to the government’s promises on the issue of pensions.” The promise we want to make to the country is that we are going to improve all the pensions of current and future pensioners,” said the secretary of state.Further saying that this “means having more savings, more resources, and must come from an increase in the contribution of employer’s office, and solidarity. There is no possible way to finance substantial improvements to pensions if we maintain the same quote rate today.” He also emphasized that “the government’s promise is that by increasing the employer’s fee rate, generating a percentage of this quote in a solidarity savings, improving the density of quotes, we will be able to get much more replacement you’re pointing out.”” We cannot make a promise today that means then cutting pensions or delivering fewer benefits for the coming generation,” he said. REMOVE PENSION FUNDSRegarding the possibility of members taking their savings out of the AFP, Zaldívar was wrong, saying that “withdrawing some of the savings involves lowering pensions and I don’t think it’s the goal of any of those who are here to pay badder pensions.” I believe that everyone here wants to improve pensions, so considering the possibility of withdrawing funds means in practice deciding to lower pensions,” he said. On the AFP system, the minister stated that the aFP has not effectively fulfilled her social security role, “but we are not defending a fund management system, what we are defending here is individual savings”, Zaldívar also pointed out.

Original source in Spanish