Protests erupt in Chile on eve of lawmaker vote to allow pension withdrawal


  • World
  • Wednesday, 15 Jul 2020

SANTIAGO (Reuters) - Protesters in Santiago defied a citywide lockdown meant to combat the spread of the coronavirus, barricading roads and looting early into the morning on Wednesday in support of a proposal to allow Chileans to withdraw part of their pensions amid the crisis.

The unrest comes just hours before debate begins anew over the bill, which would grant citizens access to 10% of their retirement savings under Chile's Pension Fund Administrators (AFP) system. A similar plan for a 25% drawdown was approved in Peru in April.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Israeli shekel falls to over 5-month low against USD
UM Consumer Sentiment Index falls in April
Timeline: King Charles set to resume duties after cancer treatment
Over 1.9 mln people at risk of flooding across Ethiopia: UN
Roundup: Kenya allocates 30 mln USD for flood response as death toll reaches 70
Over 122,000 people enter Ethiopia from conflict-hit Sudan: UN
King Charles to resume public duties after cancer diagnosis
Urgent: Paris 2024 Olympic flame handed over to French organizers
Bird flu traces found in one in five US commercial milk samples, says FDA
South Africa's Climate Change Bill heads to president to be signed into law

Others Also Read