Around 6 million Chileans have requested to withdraw 10% of their pension funds

Million of Chileans are dipping into their pension funds as a new law took effect allowing citizens to withdraw a portion of their retirement savings to help ease the economic pain brought by COVID-19. The general manager of the Association of AFPs, Fernando Larraín, said that “until today approximately 6 million people affiliated with and affiliated to the pension system have agreed to requests to withdraw 10% of their pension fund.”

Source: EMOL