Chile: Night Of Fury To Demand The Withdrawal Of Pension Funds
From Tuesday night until early Wednesday morning, Chilean citizens took to the streets to support a pension-related bill and protest against President Sebastian Piñera.
Today the Lower House is expected to vote on a bill that will allow Chileans to withdraw the 10 percent of their savings that remain controlled by the repudiated Pension Fund Insurers (AFP), which are private companies that control pensions in this South American country since that time of the Augusto Pinochet dictatorship (1973-1990).
"This initiative is supported by a large majority of the people, which claims to have the freedom to dispose of the money. The government, however, has done everything in its power to prevent the bill from going ahead," Prensa Latina explained.