Chile, social movements march for demonstration against pension reform

teleSUR English

According to the organizers, this reform mainly favors the private individual capitalization system, leaving the needs of workers in the background. teleSUR

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00:00In Chile, NoMoreAFP and other social movements urged citizens to picket on March 30th against

00:07the pension reform.

00:09The organization's name, NoMoreAFP, stands for NoMore Private Pension Fund Managers.

00:15This one and other social movements will be rallying against the lower wages decreed by

00:20the pension reform.

00:21They further denounced citizens would be giving their money to the state and companies.

00:27Therefore, they summoned people to take to the streets to protest against the pension

00:31reform that only strengthens the private pension fund managers instead of eradicating them.

00:38In this regard, experts ensure that the reform is just a step forward in the short term as

00:44it does not sort out the structural crisis of the pension system.

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