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A frontal criticism was made by the former Minister of Finance, Rodrigo Valdés, of the new proposal that the Executive is evaluating to reach a new agreement on the pension reform.
In the framework of a seminar organized by the UC Center for Public Policies, the economist commented that in the State there are some programs that are very expensive, such as those related to pensions.
“There are also elephants that are not evaluated and that cost a lot, a lot of money. Today they are thinking about a redesign of pensions, introducing the idea of longevity insurance, which it’s crazy Did a tile slip off? A technical discussion is required ”, he indicated.
Was referring to the new proposal called 2-2-2 in which the Executive is working to achieve consensus with Chile, and that the highest contribution is distributed in that proportion: 2% to individual accounts, 2% to insurance and 2% to a solidarity common fund. For the second item, we would be talking about longevity insurance that finances people’s survival by establishing a specific age to trigger it.
In this way, it would not be necessary to calculate the individual pension according to the mortality tables, whose life expectancy today is 91 years for women, and 86 for men.
By establishing a lower age to calculate the pension of each member, the accumulated funds would be divided into fewer years so that the pensions would rise immediately. And if the person survives beyond the age that was defined in that calculation, they would start running this longevity insurance, granting the member the same pension that they previously received with their own resources.
