A global trend: privatization and reform of social security pension plans.
Ten years ago Chile successfully privatized its social security system, beginning a worldwide trend to solve the problem of an increasing burden on government-supported social security programs. Contributing factors include an aging population, fewer workers to support retirees, government budget deficits and the influence of politics.
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D000206:Actuarial Analysis; D000368:Aged; D002017:Budgets; D003710:Demography; D019049:Developed Countries; D004465:Economic Competition; D006801:Humans; D010415:Pensions; D011332:Privatization / Q000191:economics / Q000458:organization & administration; D012179:Retirement / Q000706:statistics & numerical data; D012943:Social Security / Q000458:organization & administration* / Q000639:trends