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How Well Has Chile's Retirement Program Aged?
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******************************** How Well Has Chile's Retirement Program Aged? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1263 Viewed as one of the world's most innovative pension systems when it was created a quarter century ago, the Chilean retirement program is receiving new scrutiny as participants begin to reach retirement age, and President Bush promotes elements of the plan as a way to reform Social Security in the United States. An upcoming Presidential election in Chile has prompted additional debate about whether the Chilean system provides enough coverage to prevent old-age poverty, according to Olivia Mitchell, Wharton professor of risk management, who recently led a panel entitled, "Exporting the Pension Revolution: Chile and Beyond," at the Wharton Global Alumni Forum in Santiago.
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