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The united commissions of Finance and Labor they rejected that the government’s project for the second 10 percent withdrawal is a self-loan; In addition, they modified the initiative to make it universal.
With everything, Article 6, which ordered a mandatory reimbursement of resources, was rejected that could be withdrawn if this bill becomes a law, essentially transforming the center of the Executive’s counterproposal.
The Minister of Finance, Ignacio Briones, regretted that the heart of the project was rejected, reaffirming that “we believe that it is important to replace the pension damage that this generates, and it is the same reason why we do not endorse indications of voluntariness. “
Joint committees rejected the self-loan nature of the Government’s alternative project for the withdrawal of funds, something the Minister of Finance regretted.@Cooperative
– Jorge Espinoza Cuellar (@espinozacuellar) November 24, 2020
Another important modification, especially for the senators of Chile Vamos who thought to support the opposition project, was made to amounts that can be withdrawn, which increased from 100 to 150 UF, something equivalent to the House bill, which also allows for 4.3 million pesos.
To this change was added that of the deadlines for the transfers, which were originally 60 business days for a first withdrawal, and 10 additional days for the second; However, the Commission dispatched it, dictating that 50% may leave in 15 business days, and the other 50% in the following 15 business days.
Likewise, It was rejected that the voluntary savings funds could be used first, and if it was lacking, there the difference would be covered with amounts of mandatory savings.
It was also left out of the Government’s proposal the idea of narrowing down the universe of people who could withdraw, which originally excluded affiliates who had salaries of 4.9 million pesos and who additionally had quoted in the AFP system the previous month.
✅ Approved I Commission of Finance and Labor (united) dispatches to the Sala government project that establishes a unique and extraordinary withdrawal of pension funds.
More details in this note: 👇🏽https: //t.co/5FZtJi8z4x pic.twitter.com/wZKK97jfxF
– SenadoChile (@Senado_Chile) November 24, 2020
In practice, the Executive’s project was very similar to the reform promoted by Deputy Pamela Jiles (PH), which was sent to the Constitutional Court by the Government.
What remains in the initiative?
On the other hand, the senators of the commissions did choose to maintain in the Government project the one that does not exempt potential beneficiaries from paying taxes, unlike what the Lower House dispatched.
Further, does not allow the withdrawal of funds to the highest authorities of the State, that is, the President of the Republic, ministers, undersecretaries, mayors, governors, among others.
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