The specialized media Latin Lawyer, published an article about the recent pension system reform in Chile, which aims to modernize the current system by increasing employer contributions and adjusting pensions for women. While the reform is considered necessary, it also faces challenges such as rising labor costs, the impact on both formal and informal employment, and the potential increase in unemployment.

In this regard, our partner, Juan Cristóbal Iturrate, highlights the positive aspects of the reform but also points out the challenges that may arise, such as the increase in labor costs and the impact on employment. He emphasizes that companies will need to adjust their compensation systems to accommodate the new mandatory contributions.

We invite you to review the full article by clicking here.