PIONEER José Piñera

Jul 1, 2003

Privatized pension systems are a remarkable Latin American innovation. Chile led the way in 1980, replacing a government-run pension system with privately managed pension savings accounts. José Piñera, aged just 30, was the architect of the project when he served as secretary of labor and social security. A year after setting up the system, he quit public service and has spent the last 22 years advising...

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