Research and Program Descriptions About Chile

International Update, February 2014
(released February 2014)
International Update, September 2013
(released September 2013)
International Update, January 2012
(released January 2012)
International Update, October 2011
(released October 2011)
Next Generation of Individual Account Pension Reforms in Latin America
from Social Security Bulletin, Vol. 71 No. 1 (released February 2011)

This article examines the recent reforms in individual account systems in Latin America, with a focus on the recent overhaul of the Chilean system and major reforms in Mexico, Peru, and Colombia. The authors analyze key elements of pension reform in the region relating to individual accounts: system coverage, fees, competition, investment, the impact of gender on benefits, financial education, voluntary savings, and payouts.

International Update, December 2010
(released December 2010)
Chile's Next Generation Pension Reform
from Social Security Bulletin, Vol. 68 No. 2 (released October 2008)

Since its inception in 1981, Chile's system of mandatory individual retirement accounts has become a model for pension reformers around the world. A March 2008 comprehensive pension reform law made major changes that address some key policy challenges including worker coverage, gender equity, pension adequacy, and administrative fees. The cornerstone of the new law sets up a basic universal pension as a supplement to the individual accounts system.

International Update, October 2008
(released October 2008)
International Update, August 2008
(released August 2008)
International Update, February 2008
(released February 2008)
International Update, August 2007
(released August 2007)
International Update, January 2007
(released January 2007)
International Update, September 2006
(released September 2006)
Individual Accounts in Other Countries
from Social Security Bulletin, Vol. 66 No. 1 (released September 2005)

To date, more than 30 countries have established some form of individual accounts in their retirement systems. This article identifies those countries, categorizes how the individual accounts fit into their retirement income systems, and identifies some basic characteristics of the accounts. Because this analysis of individual accounts is intended to inform the current United States debate involving Social Security, the discussion is limited to countries in which such accounts are part or all of a mandatory retirement income program.

International Update, January 2005
(released January 2005)
International Update, November 2003
(released November 2003)
International Update, October 2003
(released October 2003)
Social Security Reform in Central and Eastern Europe: Variations on a Latin American Theme
from Social Security Bulletin, Vol. 64 No. 4 (released June 2003)

The Latin American model of social security reform with individual accounts has been adopted by a number of Central and Eastern European countries. That alternative to a pay-as-you-go system is sometimes advocated as a desirable model for solving problems in developed systems such as that of the United States. This article describes the Central and Eastern European systems and compares them with the Latin American systems.

Recent Changes to the Chilean System of Individual Accounts
from Social Security Bulletin, Vol. 64 No. 4 (released June 2003)

Chile was the first country to replace its public pay-as you-go system with individual accounts. Since its inception in 1981, the new program has undergone a number of changes that offer workers more choices than they had before. This note describes those changes, which include an increase in the type and number of funds from which a worker may choose for an individual account, more incentives for making additional voluntary contributions, and the introduction of a separate mandatory individual account for unemployment benefits.

Social Security Privatization in Latin America
from Social Security Bulletin, Vol. 63 No. 2 (released December 2000)

The new, partially privatized social security system adopted by Chile in 1981 has since been implemented, with some variations, in a number of Latin American and old-world transition economies with either a single- or multi-tier system. That alternative to a pay-as-you-go system is sometimes advocated as a desirable model for solving problems in developed systems, such as that of the United States. This article describes the new programs in Latin America, their background, and similarities and differences among them.

Privatizing Social Security: The Chilean Experience
from Social Security Bulletin, Vol. 59 No. 3 (released July 1996)

In 1981, Chile introduced a new approach to social insurance, a system of individual capitalization accounts financed solely by the employee. This new privatized system was an improvement over Chile's failing pay-as-you-go arrangement. As many countries worldwide are facing financial problems with their social security system, they are now looking to the Chilean model in trying to find solutions. This article describes the conditions that led to the new system, the transition, and details of the new privatized system.

Chile Changes its Health Care System
from Social Security Bulletin, Vol. 46 No. 12 (released December 1983)

Chile Changes Social Security
from Social Security Bulletin, Vol. 44 No. 5 (released May 1981)

World Developments and Trends in Social Security
from Social Security Bulletin, Vol. 39 No. 4 (released April 1976)

Foreign Health Programs: Changes in Population Covered
from Social Security Bulletin, Vol. 39 No. 1 (released January 1976)

Worldwide Developments in Social Security, 1967–69
from Social Security Bulletin, Vol. 33 No. 8 (released August 1970)

Adjustment of Old-Age Pensions in Foreign Programs
from Social Security Bulletin, Vol. 33 No. 5 (released May 1970)

Extension of Social Security Coverage in Chile
from Social Security Bulletin, Vol. 31 No. 9 (released September 1968)

Social Security Programs of Foreign Countries
from Social Security Bulletin, Vol. 27 No. 9 (released September 1964)

Medical Benefits for Old-Age Pensioners Under Foreign Social Security Programs
from Social Security Bulletin, Vol. 26 No. 1 (released January 1963)

A Quarter Century of Social Security Abroad
from Social Security Bulletin, Vol. 23 No. 8 (released August 1960)

Automatic Cost-of-Living Adjustment of Pensions in Foreign Countries
from Social Security Bulletin, Vol. 23 No. 3 (released March 1960)

Medical Benefits For Pensioners Under Foreign Social Security Programs
from Social Security Bulletin, Vol. 23 No. 1 (released January 1960)

Foreign Social Security Programs in 1958
from Social Security Bulletin, Vol. 21 No. 11 (released November 1958)

World Trends in Social Security Benefits, 1955 to 1957
from Social Security Bulletin, Vol. 20 No. 8 (released August 1957)

World Trends in Social Security Benefits, 1935–55
from Social Security Bulletin, Vol. 19 No. 5 (released May 1956)

World Developments in Social Security
from Social Security Bulletin, Vol. 13 No. 3 (released March 1950)

Coverage of the Self-Employed Under Old-Age and Survivors Insurance: Foreign Experience
from Social Security Bulletin, Vol. 12 No. 8 (released August 1949)

The Second Inter-American Conference on Social Security
from Social Security Bulletin, Vol. 11, No. 3 (released March 1948)

Social Security in Latin America, 1945-47
from Social Security Bulletin, Vol. 10, No. 9 (released September 1947)

Social Security in Chile
from Social Security Bulletin, Vol. 10, No. 5 (released May 1947)

Foreign Experience in Social Insurance Contributions for Agricultural and Domestic Workers
from Social Security Bulletin, Vol. 8, No. 2 (released February 1945)