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The Chile pension system (Spanish: Sistema Previsional) refers to old-age, disability and survivor pensions for workers in Chile. The pension system was changed by José Piñera, during Augusto Pinochet 's dictatorship, on November 4, 1980 from a PAYGO -system to a fully funded capitalization system run by private sector pension funds.
The retirement age will gradually increase to 62 for males by 2028 and 60 for females by 2035. In 2021, the retirement age is 60.25 (age 60 and 3 months) for men and 50.33 (age 50 and 4 months) for women, the age will be increased by 3 months each year following for men and 4 months for women.
Website. www.provida.cl. AFP Provida or Administradora de Fondos de Pensiones Provida (English: Pension Fund Administrator Provida) is the pension fund manager leader in the Chilean Pension Fund. [citation needed] It was founded in 1981 under the eaves of Decree Law 3.500 in Chile launched a modern private pension system with the growing 59 ...
AFP Cuprum is a publicly traded, leading Chilean pension company with $32.1 billion in assets under management. 3 Their products include mandatory defined contribution pensions (AFP), voluntary ...
Principal Financial Group Completes Cuprum Acquisition, the Premier Chilean AFP Pension Company DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group, Inc. (NYS: PFG) , a global investment ...
Financial market participants. A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies.