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Local news: Government Seek To Raise Basic pension Payment

CHILE
  • Chile Gov Seeks to Raise Basic Pension Payment, Broaden Coverage (Bloomberg)
    • The government are to present a bill to Congress seeking to extend the Solidarity Pension Contribution to 80% of the retired population, from 60% currently, the Presidency said in a statement.
    • To finance this reform, which would benefit almost 2 million people, the bill will include the elimination or reduction of some tax exemptions. It stipulates increasing the monthly state-paid pension to 177,000 pesos ($229), surpassing the lower limit of poverty-level income.
  • 4pm local time: Chile's Lower House votes on a bill that would reform the drought-stricken country's water legislation

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