The Constitution Committee of the Chamber of Deputies will analyze five legislative initiatives, opposed by the Government and presented by parliamentarians and pro-government members, and will decide whether to merge them into a single one, since they have similar characteristics.

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The approval of a third withdrawal is almost assured, although it has generated much debate in recent months and the Government has threatened to appeal it in courts, under the premise that close to 3 million people have already run out of savings and that it would be a way of mortgaging their future.

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The Executive’s counter-proposal is to speed up a parliamentary agreement to reform the criticized pension system and approve more social aid, for which US$6 billion have been announced, in addition to the $12 billion committed since the beginning of the pandemic.

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The defenders of the withdrawal, however, are of the opinion that the pandemic is lasting longer than expected, that the aid is insufficient and that it is necessary to advance in the reactivation of the economy, which fell by 5.8% in 2020.

Chile, which has 947,783 infected people and 22,402 deaths since the beginning of the pandemic, is experiencing the most critical moments of the second wave that began in December with the arrival of the austral summer.

At the same time, the country is carrying out a successful vaccination process and has managed to inoculate more than 5.8 million inhabitants with at least one dose, which implies more than 37% of the target population, a figure that has placed it at the forefront of immunization in the region.

In July 2020, the Parliament approved in an unprecedented way a first withdrawal by indivduals of 10% of their accumulated pension funds, from which 94.4% of the 11 million members of the system benefited.

Read more @The Rip Times