El Salvador: Protests against pension fund ‘monopolies’

Representatives of various social organizations and unions in El Salvador rejected the “monopoly” Pension Fund Administrators (AFP) and the management of profits created by workers’ savings. Around 50 people protested the morning of September 18 at the headquarters of one of only two AFPs in the Central American country. Dionisio Flores, representative of the union of state-run National Aqueduct and Sewerage Administration, declared that they stand “against a monopoly in which private enterprise has taken over workers’ funds.” Salvadorean President Salvador...