2023-06-20 17:03:00
WHAT IS LEFT FOR THE SIXTH WITHDRAWAL OF THE AFPS IN CHILE TO BE APPROVED
On Tuesday, June 6, the Constitutional Commission of the Chilean Chamber of Deputies submitted to a general vote the bill for the sixth withdrawal of pension funds. This initiative has generated expectations and controversy in society, and now faces an important step in its legislative process.
However, some specialists have expressed their concern and consider that the project might not have enough votes to be approved in general. This would imply that the project would pass with a negative report to the chamber of the Chamber of Deputies and Deputies, which means that the Commission recommends not approving the initiative.
In simple terms, if the project is rejected in the general vote, it will have to wait at least one more year to resume discussion in Congress. This represents a setback for those who support the sixth withdrawal and seek to access their pension funds due to the difficult economic situation they are going through.
In contrast, if the project is approved in the general vote, it will return to the Constitution Commission to continue with the discussion and vote in particular. This stage will allow analyzing the specific details of the project and making the pertinent modifications before its final approval.
Once the particular discussion is over, the project will continue its course through the corresponding constitutional procedures. This includes voting in the Chamber of Deputies and later in the Senate, where it must also be debated and voted on.
The sixth withdrawal of pension funds has been the subject of controversy since its presentation, since some sectors argue that it would affect the stability of the Chilean pension system and might have negative consequences in the long term. On the other hand, those who support the withdrawal maintain that it is a necessary measure to face the economic and social crisis that the pandemic has generated.
The vote in the Constitution Commission will mark a key milestone in the sixth retreat legislative process. The results will determine if the project advances to the next stage or if it stalls and must wait to be resumed in the future.
WHAT IS THE AFP OF CHILE
Low pensions are one of the most relevant problems. Despite contributions made throughout their working lives, many people receive insufficient pensions to cover their basic needs. This is partly due to market fluctuations and the volatility of pension fund returns.
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