Chile Government Concedes Pension Defeat After Landmark Bill
- Pinera to enact bill on Friday, even as he opposes the measure
- Legislation approved by 116 deputies, while 28 voted against
Graffiti against the Pension Fund Administration in Santiago, Chile.
Photographer: Javier Torres/AFP via Getty Images
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Chile President Sebastian Pinera will sign into law on Friday a controversial but popular bill allowing early pension withdrawals amid the coronavirus pandemic, after bitterly opposing the proposal through its debate in congress.
In an unexpected decision late Thursday, the Chilean government said it will quickly enact the legislation, declining to veto it or send it to the constitutional court for review as a last-ditch attempt to block its implementation.