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Books Books 1 - 2 of 2 on This reform replaced a basically insolvent pay-as-you-go regime with a capitalization....
" This reform replaced a basically insolvent pay-as-you-go regime with a capitalization system based on individual retirement accounts managed by private companies known as Administradoras de Fondos dc Pensiones, AFP. "
The Long March: A Reform Agenda for Latin America and the Caribbean in the ... - Page 41
by Shahid Javed Burki, Guillermo Perry - 1997 - 115 pages
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Financial Resources for Development in Myanmar: Lessons from Asia

Mya Than - 2000 - 280 pages
...development of Chile's securities market. The reform replaced a basically insolvent pay-as-you-go regime with a capitalization system based on individual retirement accounts managed by private companies. A notable characteristic of the system is that employees have the freedom to choose the companies and...
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Privatizing Social Security

Martin Feldstein - 1998 - 471 pages
...The reform of Chile's social security system replaced a basically insolvent pay-as-you-go regime with a capitalization system based on individual retirement accounts managed by private companies known as administradoras de fondos de pensiones ( AFPs). '" Each AFP can manage only one retirement...
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