In Pandemic-Hit Chile, Lawmakers Approve Bill for Early Access to Retirement Savings

Chile’s Senate approved a invoice Wednesday enabling workers having difficulties with the country’s pandemic-induced economic meltdown to withdraw portion of their contributions to private pension money, providing a blow to President Sebastián Piñera’s govt and alarming economists who say it could hurt a recovery.

The invoice was staunchly opposed by Mr. Piñera, who unsuccessful to encourage lawmakers, some within just his possess heart-appropriate coalition, to go away the $200 billion pension process by itself. Officers had promised as a substitute to ramp up emergency…