Ignacio Schiappacase, a researcher from the School of Economics, Government and Communications, gave a presentation on social security to the Economic, Social, Cultural and Environmental Rights Commission of the Constitutional Council on Tuesday. The academic, who is a member of the faculty’s Research and Postgraduate Institute and the Max Planck-UCentral Group, referred to the amendment 215 of Chile Vamos and Republicans along with addressing how the AFP system works in Chile.
The expert pointed out that the amendment presented by the opposition is problematic in that it indicates that «The State must respect the right of contributors to choose freely», for example, in addition to giving constitutional rank to guaranteeing property and its inheritability. «It is problematic because it closes the debate, it gives constitutional status to the AFP system, which is already a worldwide rarity,» he said.
«We need to be constantly adapting our pension system on an ongoing basis. (…) The wording is problematic and it opens the door to the pension system’s de-funding because it allows us, the members, to freely choose who manages (…) This amendment, as well as this one, opens the door for us to decide to take the funds out of the AFPs and make an investment to make those resources work», he added.
«It gives constitutional rank to aspects that have nothing to do with the international and accepted conception of social security,» he commented.
Check out his speech at the Constitutional Council here .
