Personal Retirement Accounts
The Chilean Pension Reform and Its Lasting Impact
Chile's 1970s pension reform introduced Personal Retirement Accounts (PRAs), replacing the state-run pay-as-you-go system under President Augusto Pinochet's leadership.
Chile's 1970s pension reform introduced Personal Retirement Accounts (PRAs), replacing the state-run pay-as-you-go system under President Augusto Pinochet's leadership.