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Securing Lifelong Retirement IncomeGlobal Annuity Markets and Policy$
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Olivia S. Mitchell, John Piggott, and Noriyuki Takayama

Print publication date: 2011

Print ISBN-13: 9780199594849

Published to Oxford Scholarship Online: September 2011

DOI: 10.1093/acprof:oso/9780199594849.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 22 January 2022

Pension Payouts in Chile: Past, Present, and Future Prospects

Pension Payouts in Chile: Past, Present, and Future Prospects

(p.106) Chapter 7 Pension Payouts in Chile: Past, Present, and Future Prospects
Securing Lifelong Retirement Income

Jose Ruiz

Olivia S. Mitchell

Oxford University Press

This chapter reviews recent developments in the payout market for Chilean pensions, focusing particularly on the role of annuities, and illustrates what makes the payout market in Chile so different from those in other nations.

Keywords:   Chile, defined contribution, social insurance, phased withdrawals, lifetime annuities, minimum pension guarantee, pay-as-you-go, SCOMP system, money's worth, pensions

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