600,000 mass march against Chile’s private pension system – AFP

Santiago (AFP) – Hundreds of thousands of people protested Sunday against Chile’s privatized pension system, a legacy of late dictator Augusto Pinochet that opponents say is leaving many retirees destitute. Launched in 1981, Chile’s “pension fund administrators” have been held up by pro-market politicians and pundits worldwide as a model of how to privatize a national pension system. But opponents say the system has left the 10 million Chileans enrolled in it with extremely low retirement benefits — far

Source: Mass march against Chile’s private pension system

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