Chile's lower house votes on dueling pension withdrawal bills


FILE PHOTO: Chile's President Gabriel Boric attends a news conference with foreign correspondents at La Moneda Palace in Santiago, Chile March 14, 2022. REUTERS/Ivan Alvarado

SANTIAGO (Reuters) - Chile's lower house will debate and vote on two proposals for early withdrawal of pensions on Monday, one by legislators and another by President Gabriel Boric, who is seeking to juggle inflation and populist demands.

Leftist legislators are proposing a 10% withdrawal but Boric and Finance Minister Mario Marcel have said it would worsen spiraling inflation. In March, Chile reported its highest monthly inflation rate - 1.9% - since 1993.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

1st LD: Trump says he will sign order imposing 10 pct global tariff
Tajikistan's population reaches 10.72 million
Switzerland takes men's curling bronze, Sweden, Switzerland set up women's final at Milan-Cortina
Coventry hails Milan-Cortina Games as 'truly successful'
Medal table at Milan-Cortina Winter Olympics on February 20
Ferreira claims men's freeski halfpipe gold at Milan-Cortina Winter Olympics
U.S. stocks close higher
Figure skating roundup: Shaidorov lands historic gold for Kazakhstan as China holds on with fifth in pairs
Rijpma-de Jong wins women's 1,500m gold at Milan-Cortina Winter Games (Updated)
Trump furious after Supreme Court upends his global tariffs, vows new 10% levy

Others Also Read