Chile approved a major reform of its pension system, which for many critics had come to symbolize the flaws in the country’s economic model.

Chile's Congress passed a significant reform of the private pension system, increasing employer contributions and the minimum guaranteed pension. This overhaul, a cornerstone of President Boric's campaign,

Chile’s congress has approved a landmark reform to its private pension system whose meagre payouts fuelled disruptive mass demonstrations six years ago that roiled the politics of the prosperous South American nation.