Retirement in Chile is below the average of developed countries, in 2013 the OECD made a study that determined that in Chile pensions correspond to 51.8% of the last salary, while the average of countries is 64.1%, ie we are well below average. This means that if a person in his last 10 years of work earns $500,000 , in Chile he would retire with about $250,000. On the other hand, if we compare with the countries belonging to the group that lead in replacement rates, the Netherlands and Hungary, offer their retirees the equivalent of 101% and 95% of their last salaries, respectively.
Another of the data highlighted by the OECD in the area of pensions was that the retirement age in Chile for women is 70.4 years, when the legal age is 60. The issue is dramatic. People in Chile are delaying their retirement age because they cannot afford to survive. They have no other option, since with 51.8% of the current salary received, survival becomes unsustainable.
It is unfortunate to know that a person works many years contributing to the country in different areas to have an undignified old age, there are different proposals that could improve this situation but unfortunately the priorities are different.
This situation is very regrettable. I think my parents have worked all their lives and they’re going to get a miserable pension. It’s really awful.
ResponderBorrarWork during much of your life, for after get a pension of $200.000 is denigrating
ResponderBorrarIt would be great to be able to change this retirement model in Chile, because pensions are very low and we create older adults with mental health problems by not being able to have a good economic status.
ResponderBorrarvery regrettable
ResponderBorrarIt is really sad what is happening in this country, I hope that they can put this issue as a priority and change the problem as soon as possible.
ResponderBorrar