[Minuto a Minuto] AFPs criticize withdrawal of 10%: It is not a good policy; it is an anti pension reform

19:27 –

| AFP Association Manager: More than 10 million people made the request for the first #CooperativaEnCasa withdrawal

19:24 –

| AFP Association Manager: “I hope there will not be a third withdrawal because it will only worsen the situation” of the pension system; “If the pandemic advances, I hope the Government will act proactively” #CooperativaEnCasa

19:24 –

| AFP Association Manager: There are about 2 million people who will not be able to withdraw because they ran out of pension funds in the first withdrawal #CooperativaEnCasa

19:20 –

| AFP Association Manager: It is understandable that those who withdraw do so out of necessity, and we will have to be more efficient in the process, but it does not depend only on us; there were problems with immigration data, with the Judicial Power #CooperativaEnCasa

19:19 –

| AFP Association Manager: “We are tackling a pension debate with a more impoverished pension system than we had three or four months ago” #CooperativaEnCasa

19:19 –

| AFP Association Manager: Both projects leave the pension system and workers with less savings and fewer pensions, and both are not good public policy, they are an anti-pension reform #CooperativaEnCasa

19:17 –

| [En vivo] The general manager of the AFP Association, Fernando Larraín, talks with What Remains of the Day https://www.cooperativa.cl/radioenvivo/ #CooperativaEnCasa

18:04 –

| The debate continues in the Labor Committee.

17:58 –

| #CooperativaEnCasa Withdrawal of 10 percent: RN Deputies ask the Government that the payment of taxes affect those who earn a million and a half or more

17:22 –

| Regarding Briones’ proposal for the reinstatement, Soto said that an agreement could be reached for it to be voluntary.

17:18 –

| Raúl Soto, head of the PPD bench, indicated that “he would sign an agreement with Congressman Eguiguren right now.”

17:15 –

| Before him, Deputy Francisco Eguiguren, also RN, said that, in his personal opinion, those who earn up to 2.5 million pesos should be exempt from paying taxes.

17:11 –

| “I want to emphasize that if we achieved that, we would have 91 percent of Chileans without paying taxes. We ask you, minister, formally, to think about it, to think about it, in order to move forward with that arrangement,” added Sauerbaum.

17:06 –

| “We have been talking with the rest of the deputies from Chile Vamos, also with those who are not in this Commission, from Evópoli, and we are willing to advance in an exemption that could go up to the first tranche: up to one million 500 thousand pesos, and in that way to be able to give relief to middle class people, “Sauerbaum said.

five pm –

| In the Commission, RN deputy Frank Sauerbaum spoke to Minister Briones and proposed exempting those who earn up to 1.5 million pesos from paying taxes.

15:59 –

| The Labor Commission is chaired by Gael Yeomans, a member of Convergencia Social (Frente Amplio).

15:57 –

| The text that came out of the Senate does not include a refund of the funds, and provides that people with higher incomes who request the withdrawal must pay taxes.

15:55 –

| [Streaming] Minister Briones proposes before deputies to restore the reimbursement of withdrawn funds, something that the Senate rejected #CooperativaEnCasa

15:51 –

| The President of the Republic, ministers of state, regional governors, senators and deputies and their honorary advisers are excluded from this withdrawal.

15:49 –

| The amount to be withdrawn will be between 35 UF (around one million pesos) and 150 UF (4 million 350 thousand pesos), if savings allow it. If the affiliate has less than 35 UF in his account, he may withdraw all of the funds.

15:47 –

| As it came out of the Senate, the Government’s project establishes a unique, exceptional and voluntary withdrawal of up to 10 percent of pension funds, in the context of the Covid-19 pandemic.

15:44 –

| The analysis in commissions of the Government project can be extended until Wednesday, because, like the other, it is in the table of the Chamber session on Thursday, which begins at 10:00 hours.

15:42 –

| As the deputies’ project (which had broad support in the first process) was rejected by the Senate last week, it must be analyzed in a mixed commission, prior to its treatment in the Sala, next Thursday, December 3.

15:38 –

| In this scenario, the Chamber of Deputies and Deputies will address during this legislative week two projects related to the withdrawal of pension funds: the “second withdrawal”, promoted by the deputies through constitutional reform, and the “alternative”, presented by the Government to stop the series of parliamentary initiatives for transitory reforms to the Constitution.

15:31 –

| In this regard, the opposition expects modifications on the tax issue: that an exception be made with respect to the traditional income tax scheme and the cut of those who would pay taxes in case of executing the withdrawal be raised.

15:29 –

| The deputy RN Frank Sauerbaum slipped into the Commission that the Government will present “new indications, which have not entered.”

15:21 –

| The ministers María José Zaldívar (Labor) and Ignacio Briones (Finance) present before the parliamentary instance.

15:14 –

| “We are working hard so that they can withdraw 10% before Christmas,” President Sebastián Piñera said on Friday.

15:10 –

| The Labor and Social Security Commission of the Chamber of Deputies and Deputies this afternoon began the review of the initiative, which has similarities and differences with the one promoted by legislators such as Pamela Jiles.

15:05 –

15:00 –

| The Government’s project for the withdrawal of 10 percent of pension savings begins this Monday in the Chamber of Deputies and Deputies.