ZCZC
BCN-05
CHILE-POLITICS-ECONOMY
Chile’s lower house approves early pension fund withdrawals
SANTIAGO, July 9, 2020 (BSS/AFP) – Chile’s Chamber of Deputies on Wednesday approved a bill allowing early withdrawals of up to 10 percent from private pension funds during the COVID-19 pandemic.
The reform, approved by 95 votes to 25, dealt a severe blow to the right-wing government of President Sebastian Pinera, which opposed the move. It still needs to be passed by the Senate to become law.
BSS/AFP/MSY/1202 hrs