Chile's Social Security Reform, After Ten Years

Myers, Robert J.
September 1992
Benefits Quarterly;1992 Third Quarter, Vol. 8 Issue 3, p41
Academic Journal
In 1981 Chile privatized its social insurance program. The author of this article describes both the old and the new systems as well as how the previously existing problems were solved. He concludes that the new system is an excellent solution to the overwhelming problems that had arisen in Chile, but that this approach of privatizing a social security system is not desirable with regard to the U.S. program due to the huge general revenue payments that would be incurred.


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