Chile's Senate Greenlights Major Pension Reform: A Step Towards Economic Stability

In a significant move toward economic reform, the Senate of Chile has officially approved a vital pension reform plan that is poised to reshape the country's social security framework. The decision, reached on January 27, 2025, marks a pivotal moment in Chile's ongoing efforts to address longstanding issues within its pension system, which has been criticized for favoring private management over the welfare of retirees.

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