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The Minister of Finance, Ignacio Briones, explained that the reason for the Executive to present a project that allows a second withdrawal of pension funds, in parallel to the parliamentary motion that advances in Congress, despite the government’s opposition to the This measure was to protect the institutionality regarding the fact that these measures are exclusively presidential initiative.
“Someone could say, you know what, here the government is being pragmatic, yes, and it is delivering a withdrawal of 10%, limited, limited, which minimizes the damage, perfect, but it is doing this which is what it opposed, and you know particularly well what my position has been on this “Briones said in an interview with Radio Duna.
However, he emphasized “one could look at it in another way, one could look at it and say if I don’t do this and I don’t close this tap, the truth is that it is not that you are giving 10%, the truth is that what you what he is doing is safeguarding the rest, because if you don’t close this tap or don’t make a legitimate attempt to close it, the truth is that later you can have a third withdrawal, a fourth withdrawal, a fifth withdrawal, or a withdrawal for the total and that must be seen in your perspective ”.
In this regard, he argued that “effectively here there is an ultimate value to preserve, which is that our institutional framework is respected, things with this type of reform are done by legal means and not through constitutional devices.”
The initiative of the Executive establishes a series of restrictions for the second withdrawal that are not contemplated in the parliamentary motion, among which are included, that only affiliates who the previous month have had incomes below $ 2 can withdraw once, 9 million (UF 100) and it is established that said income must be taxed, among other measures.
Briones pointed out that, although these restrictions could be rejected and finally only the second withdrawal could be approved, in any case the government will defend the proposals.
“We hope that good sense regarding the edges prevails, if here none of the edges that we are proposing is a messy thing, if it seems to you that the people who have to pay taxes do not have a tax exemption, it is something that to happen ”, affirmed.
In that sense, he asserted that “we are going to insist on that point, it seems basic, elementary, obvious If it seems to you that a person who has high income, who does not have a loss, a fundamental problem, we are going to allow him to withdraw income, mandatory pension savings because yes, well we have a difference and we are going to raise that difference there, because in all these things, we are aware here that the pension damage does not converse with the expectations that we all have, although there is no agreement on how to improve pensions “.
Briones indicated that although the funds withdrawn by the first law total about US $ 16,000 million so far, which could amount to about $ 18,000 adding to the affiliates who have not yet drawn their savings, the second withdrawal could be for the same amount but the The composition would be different since 50% would be taken out by people from the highest income quintile and only 5% by the lowest income quintile, also considering that in this last segment they were already left without a balance with the first withdrawal.
