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Chile's Lower House Approves Pension Fund Withdrawal Bill

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Chile's Lower House Approves Pension Fund Withdrawal Bill

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Questions and Answers

What was the result of the vote in Chile's lower house?

The bill to allow citizens to withdraw up to 10% from private pension funds was approved. (correct)

The bill was approved unanimously.

The vote was postponed due to lack of consensus.

The bill was rejected by a narrow margin.

How did members of the ruling coalition vote on the bill?

The ruling coalition unanimously supported the bill.

13 members of the ruling coalition voted in favor of the bill. (correct)

The ruling coalition members abstained from voting.

All members of the ruling coalition voted against the bill.

What was the response of the Finance Minister to the vote?

The Finance Minister celebrated the outcome.

The Finance Minister threatened to resign.

The Finance Minister walked out of the chamber as the voting took place. (correct)

The Finance Minister remained silent on the issue.

What did the Interior Minister hope for regarding the bill?

The Interior Minister hoped the Senate would 'correct this mistake.' Signup and view all the answers

What did President Pinera's government launch at the beginning of the month?

A plan that included a soft loan, mortgage loan deferment, rental subsidy, and increased financing for higher education. Signup and view all the answers

What was President Pinera's stance on using pension savings to provide aid?

Pinera affirmed that aid to the population 'cannot be at the cost of reducing their pension savings.' Signup and view all the answers

What did President Pinera promise regarding the pension system?

Pinera promised to advance with 'urgency and responsibility' in a profound reform of the pension system. Signup and view all the answers

What is the approximate value of the assets managed by AFPs (private pension funds)?

Over $200 billion Signup and view all the answers

What was the reaction of the lawmakers after the vote?

They cheered and sang the national anthem. Signup and view all the answers

What was deemed insufficient by the government's adversaries?

The government's plan that included a soft loan, mortgage loan deferment, rental subsidy, and increased financing for higher education. Signup and view all the answers