Amid concerns of a collapsing United States Social Security System, the search for a new, better system has heightened to a frantic pace. In the hunt for this new system, the United States would be wise to consider the privatized system of Chile as a guide to its own pension fund system reformation. Here, we analyze the two systems, their similarities and differences, and the take-aways that the United States should glean from Chile's version of pension fund issuance.

Basics of the Chilean Social Security System
Chile's new privatized social security system replaced the old, bankrupt state-run system in May 1981 under General Pinochet. The new system had several unique features about it that still spark hot debate over its efficacy. Under the new structure, workers were required to contribute 10% of their monthly salary towards a private pension management firm account. An additional 3% of salaries went to commission fees for the pension managers and towards disability and......

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Title: Us & Chile's Spcial Security System
Approximate Word Count: 2164
Approximate Pages: 9 (250 words per double-spaced page)

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