translated from Spanish: Minister of Labor and third withdrawal from government: “If approved soon, we can start paying Chileans on May 14”

The Minister of Labour and Social Security, Patricio Melero, defended the third retirement project presented by the Executive. The Secretary of State commented on Universo radio that “the government only wants this to be approved as soon as possible.” He even indicated that “if approved soon, we can start paying Chileans on May 14, so we have done the calculations. There is the BancoEstado and the AFP coordinated to start paying promptly.” The Secretary of State also referred to questions at one point in the project, indicating the replenishment of funds, through an additional 1% contribution from the employer, in addition to another 1% from the State. In addition to noting that “there is no covert goal,” Melero argued that “what we are doing is that we don’t have another mechanism today to give people back the money they’re taking out to deposit in their AFP savings account, through this 1% increase in the 1% quote coming from the employer and the 1% coming from the state.” “The Government will maintain its policy in the planned reform that no additional resources go to AFPs. But we are in a transition today, where if we want to recover and return, we have nowhere else to deposit the quoter who is in the current system,” he added. Therefore, I close indicating that as a government “we are not, as some have said, trying to pass cat for hare”.

Original source in Spanish