In Chile, the Senate will vote today on the project of the fourth withdrawal from the AFPs

The project that allows a fourth withdrawal from the AFPs and a second advance of annuities began a hectic week, since after the session of this Monday of the Senate Constitution Commission, in which a series of experts related to Life Annuities, the processing process could be accelerated by changing the previously established schedule.

This is because after the session on Monday, the president of the Constitution Commission, Pedro Araya (PPD), announced that the controversial project, which still does not attract the support of the entire opposition, so it is predicted that it may not overcome the barrier of 26 votes for its approval, would be voted in general today Tuesday in the instance, so that it goes to Sala.

“As a committee, we ratify our commitment to dispatch this project during the course of this week and – in view of the fact that the Senate committees have resolved that this week will be dedicated to the budget discussion – we have decided that tomorrow, Tuesday 26, after hearing to the guests that still need to be presented, the Constitution Commission will proceed to vote in general on the project of the fourth withdrawal, in order that it is dispatched and can be seen as soon as possible in the Senate Room “, was the argument that Araya gave about the topic.

During this Monday’s session –which lasted for three hours– the president of the Commission for the Financial Market, Joaquín Cortez; the President of ICR Chile Classifier of Risks, Álvaro Clarke; the spokesperson for the NGO Pensionados Vitalicios, Respect, Justicia y Dignidad, among others.

All, except for the NGO representatives, presented arguments to reject the second advance of life annuities, believing that it would cause profound damage to the industry and the country.

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