CHILE - The Presidential Advisory Council on Pension Reform has proposed increasing the retirement age for women from 60 to 65 as part of its final report on pension reform.
The 15-member council has for the last four months been developing the proposals and chairman Mario Marcel yesterday delivered the report to president Michelle Bachelet.
Among the proposals were ways to ensure that all Chileans received more equal benefits out of the pension system, including equal treatment for those who worked for companies and the self-employed, and state support for mothers who took time off to have children, ceasing their contributions to their retirement funds.
But the rise in retirement age is likely to prove one of the more hotly-contested issues suggested by the council, and president Bachelet moved to quell the situation when she said: I want Chilean women to remain calm: I am not going to make any decisions that could make things more difficult for people when they retire.
Bachelet said the need for improved pension was magnified by the fact the average life expectancy for Chileans is projected to be 80 by 2020.
Bachelet called on political and social leaders to “responsibly analyse the council’s proposals, keeping in mind the best interests of Chile”.
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