Would Boric’s Plan Strengthen Chile’s Pension System?

Chilean President Gabriel Boric on Nov. 2 unveiled his long-planned proposed reform of the country’s pension system. If lawmakers approve it, the reform would do away with the country’s existing private pension managers, known as AFPs, and would also require employers to pay an additional 6 percent of their workers’ wages to a publicly run social security system. How likely is the reform to win congressional approval, and what changes might lawmakers make to it? What are the most...