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This day, the Minister of the Interior, Rodrigo Delgado, referred to the process of the second withdrawal of 10% of the pension funds, which will formally begin on Thursday the 10th.
He assured that up to the minute “all the corresponding procedures have been carried out” together with the Pension Fund Administrators, and the dates are continuing. “We are talking that on December 10 the initial procedures could begin,” he added.
And although in the instance the Secretary of State asked contributors to avoid crowds, La Moneda’s main concern is not on that edge, since people already have the experience of the previous retirement, they have obtained keys and resolved doubts.
Palacio’s focus is on a possible rise in banking activity resulting from massive withdrawals of funds. Thus, he asserted that they are working to provide “certainties” and “guarantees” so that citizens can carry out the process safely and without obstacles.
“We hope that the lines that may exist in the AFPs will be much more moderate, which yes, we are concerned about what may happen in the banking institutions, once people have their funds, they want to go get the money in cash. We want to give certainties and guarantees, “said the minister.
The experience of the first 10%
According to the Secretary of State, “during the withdrawal of the first 10%, many people have already lined up and have their unique password or already know how to do the process.”
“Yesterday during the meeting we had with the manager of the AFP Association, Fernando Larraín, he certified us that the AFPs have been initiating direct communication with their affiliates for several weeks in order to determine that people maintain and manage all the information of the case, I mean that people know how much money they have, people who were left without funds, “explained the minister,
Likewise, he asserted that he told the AFP executive that “communication with their affiliates is very important so that these people do not have excessive expectations if they do not have the funds.”
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