Hundreds of Thousands Protest Chile's Pinochet-Era Pension System

Featured Hundreds of Thousands Protest Chile's Pinochet-Era Pension System
Organizers say it was the largest-ever protest against the private pension system in Chile.

Hundreds of thousands of people took the streets in cities across Chile Sunday to protest the private pension system known as AFP, in what the organizers call the largest march for the cause in the history of the movement.

RELATED: Over 500,000 Chileans Protest Pinochet's Private Pension System

The march, organized by workers' organizations and trade unions, kicked off at 11:00 a.m. local time in the capital city Santiago's in Plaza de las Armas, as well as several other cities.

"We hope today we will have a lot of people and show that the social movements are saying, 'We don't want anymore AFP,'" a protester with the Cabreados Movement told Chile's Bio Bio TV at the demonstration in Santiago. "(AFP) is already a failure, and our political actors need to know that the social movements won't stop."

Luis Messina, spokesperson for the CNT labor union, predicted that Sunday's demonstration would be a "historic" march. "Perhaps the largest in history," he said.The protest comes after several marches in the country to demand President Michelle Bachelet end the AFP private pension system which puts the average retirement pension below the minimum wage.

The contested system also forces workers to deposit a portion of their wages and an administrative fee into accounts managed by private hands. This system handles savings for about 10 million working Chileans.

"Bachelet, don't go without releasing us from the AFP."

Last year, the pension fund was modified to reflect changes in the country's mortality rates starting mid-2016. Workers who retire will now receive close to 2.1 percent less money for their retirement.

The pension system in Chile is a remnant from the era of the dictatorship of General Augusto Pinochet, which violently ruled the country from the 1973 military coup against President Salvador Allende until 1990. Much of the era's policies, which introduced agressive neoliberalism and sweeping privatization, are still in the Chilean constitution.

RELATED: Chile Strike Against Pinochet-Era Pension System Turns Violent

"We call on all the working families of Chile to go massively this Sunday, to make it clear that we don't want more AFP, private or state-run, and we will not tolerate cosmetic reforms that don't give a real solution to the low pensions or to the permanent scam that has targeted us Chilean workers due to AFP for more than 36 years," said the organizers ahead of the march.

The spokesman of the Movement of Independent Citizens No+AFP, which translates to "No More AFP," Mauricio Mattus, called on all Chileans to participate.

"This is a citizen movement and not a political one, he said. "For that reason, we also make a call not to attend with political allusions, this is a transversal movement in which everyone can join but is far from having a political tendency," he said.

In August 2016, 350,000 people protested in Santiago against the pension system that president Michelle Bachelet promised to reform. The government is expected to present such plan in about a month. 

 

Last modified onMonday, 27 March 2017 10:59

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