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Pension Withdrawal Bill Timeline

CHILE

Senate's finance and labour committees have approved "in general" a bill which would allow a second withdrawal of 10% of pension funds.

  • 4 votes in favor, 3 against and 3 abstained.
  • Both commissions will now proceed to vote each article.
  • Senate floor will vote tomorrow on government's bill and a separate one presented by opposition legislators.

* As mentioned yesterday, President Pinera has asked Chile's constitutional court to block the proposal by some lawmakers to allow another round of withdrawals.

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