Chile's Pension Privatization under Pinochet (1979–1981)

1. José Piñera assumes labor and social security ministry

   Dec 26, 1978Labels: Jos Pi, Labor Ministry

   • Jos Pi era

2. Automatic pension indexation set by Decree Law 2547

   Jan 1, 1979Labels: Decree Law, Pension Indexation

   • BCN Ley

3. 1980 Constitution approved in contested plebiscite

   Sep 11, 1980Labels: 1980 Constitution, Plebiscite

   • Plebiscito 1980
   • Constituci n 1980

4. 1980 Constitution promulgated

   Oct 21, 1980Labels: 1980 Constitution, Promulgation

   • Constituci n 1980

5. Pension reform decrees DL 3500 and 3501 issued

   Nov 4, 1980Labels: Decree Law

   • Jos Pi era
   • Pi era ES

6. Decree Law 3500 published in Diario Oficial

   Nov 13, 1980Labels: Decree Law, Diario Oficial

   • DT Normativa
   • SP DL3500

7. Pension supervisor (SAFP) established for AFP oversight

   Nov 13, 1980Labels: SAFP, Pension Supervisor

   • SAFP ES
   • Ley Reforma

8. INP created to administer legacy pension obligations

   Nov 18, 1980Labels: INP, Decree Law

   • IPS Historia
   • EMB INP

9. New pension system begins transition period

   Mar 11, 1981Labels: Transition Period, 1980 Constitution

   • Constituci n 1980
   • Plebiscito 1980

10. AFP Provida authorized to initiate activities

    Apr 1, 1981Labels: AFP Provida, Pension Provider

    • SEC 20 F

11. AFP system enters into force; market opens

    May 1, 1981Labels: AFP System, Market Opening

    • Ley Reforma
    • Cato 1995

12. AFP Provida begins affiliating and collecting contributions

    Jun 1, 1981Labels: AFP Provida, Contributions

    • SEC 20 F