Chile Pension Reform Clears Committee, Heads to Key Lower House Floor Vote

  • Lower house Finance Committee approves proposed reform
  • Government sees lower house floor votes on bill in coming days
Gabriel Boric, Chile’s presidentPhotographer: David Paul Morris/Bloomberg
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Chile’s lower house Finance Committee backed President Gabriel Boric’s plan to overhaul the nation’s privately-run pension system, setting up a crucial floor vote on the flagship plan later this week.

In line-by-line votes that concluded Monday, the committee approved the legislation with many tallies falling along coalition lines. Debate and then voting on the lower house floor are expected to start as soon as Tuesday.