Pensions at a Glance
Latin America and the Caribbean
This comprehensive examination of pension systems in Latin America and the Caribbean looks at recent trends in retirement and working at older ages, evolving life expectancy, design of pension systems, and pension entitlements before providing a series of country profiles. The special chapter analyses the coverage and adequacy of Latin American pension systems.
Also available in: Spanish, Portuguese
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Chile
The pension system has three components: a redistributive first tier, a second tier of mandatory individual accounts and a voluntary third tier. The individual accounts of the defined-contribution type. The redistributive first tier was substantially extended in a pension reform in 2008.
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