The Chamber of Deputies in Chile rejected for lack of a quorum, the report of the mixed commission of the bill that established a fourth withdrawal of funds from the AFPs and a second advance of life annuities. The rule needed 93 votes, but got only 89 endorsements. In this way, the text will not be law.
The initiative was voted on this Friday because the Executive applied immediate discussion forcing a special session to resolve the issue. La Moneda’s argument was to resolve the uncertainty generated by the project in economic matters.
The opposition criticized the government for the immediate discussion, accusing a “maneuver to make the project fail.” In addition, it must be considered that some parliamentarians were not present, such as a delegation of six legislators who traveled to the United Arab Emirates, as pointed out by Deputy Pamela Jiles, who added that there are also two parliamentarians with serious illness who were absent from the vote.
In any case, some deputies have already indicated that they are going to present a project to discuss a new withdrawal of 10% of the funds from the AFPs. In fact, deputy Jiles reported that she has already presented two initiatives. One for a new withdrawal of 10% from the AFPs and another for the redemption of 100% of the amounts accumulated in the individual accounts. Expect to be processed from Monday.
Meanwhile, the deputy and presidential candidate, Gabriel Boric, regretted the result, indicating through a video that he voted in favor, as he did two months ago in the same initiative. “It is the right that must give an explanation, we are going to concentrate from December 19 on building a social security system that will never again make it necessary to resort to workers’ savings to face a crisis,” he said.
Withdrawals would be paid in two installments for those requesting more than 35 UF and will be canceled within 15 days and 45 days respectively. Those who request less than 35 UF would receive the payment in 15 calendar days from when they made the request.
Annuity pensioners may request up to 10% of the technical reserve with a cap of 100 UF. It will be made through a tax advance to pensioners under this modality that would be returned through the discount of 5% of the pension and the only role that insurance companies would play is to retain that percentage to inform the State as payment of the advance.
Once the entire amount requested by the annuity pensioners has been paid, the member will once again receive the monthly income agreed with the insurer. It was allowed to request the withdrawal “up to the totality of the debt” for the concept of delinquency in alimony and withdraw the total of the funds accumulated in the individual capitalization accounts by those who have high-cost illnesses.
Reference-www.eleconomista.com.mx