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Conditions. For example, according to system of "catching up" pensions the lastWere recalculated in the same way, as the salary, and system of a preschedule exit on
Pension allowed, say, to the bank employee to go on rest in Age of 42 years.
However the majority of workers, including the poorest, have been deprived all
Privileges also are put in most severe constraints. So, those who paid payments
In social insurance Service (it), could retire only on
To age, and in this organisation the age qualification was the highest. They not
Could receive also long-service pensions, as, for example, in "Cash desks"
Employees, and the pension total sum made smaller percent from the salary, than in
All other insurance establishments.
These and other lacks of system concerned almost two thirds Chilean Investors and as it was already told, the poorest.
All it, naturally, not from the best party characterised that "the collective
Responsibility "which as if formed the moral basis of the pension Systems.
The so-called doubled pensions given in quality were the greatest "Recognitions of merits" (in many cases unjustified) for years of service.
Pensions of members of parliament competed to them. Never I will forget, as in September
1973 when suddenly was it is interrupted action of my deputy mandate, Lasting only three months, I have received the notice that the such Insignificant term is not an obstacle for reception of one of
Desired parliamentary pensions. And it in spite of the fact that to me then was
Only 37 years, and I have had time to make only 15 payments for rather modest sum! From
Moral reasons I, naturally, could not accept so attractive The offer.
* "On their fruits..." *
The author objectively and in detail analyzes the figures characterising Functioning of pension system till 1980
As a concrete example I have chosen average sizes of the pensions paid in 1973 and the 1986 expressed in peso, and also in their equivalent - in units Constant purchasing capacity "Unidades de Fomento" (UF): Service
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