Weekly Report - 01 December 2016 (WR-16-47)

CHILE | ‘Solidarity pensions’ increased. On 28 November Chile’s President Michelle Bachelet promulgated into law a bill that increases the basic state pension payouts by 10% from January 2017. Flanked by her social development minister, Marcos Barraza, and her new labour & social security minister, Alejandra Krauss, Bachelet said that this was part of her government’s plan to introduce a pension reform, considered to be critical given that people in Chile are now living longer than ever before.