According to some journals in Bolivia, government of Evo Morales probably is designing a program to follow the steps of Argentina to nationalize pensions founds which are managed by private firms since 1996 and today are equivalent to 300 million dollars.
Nowadays all workers in Bolivia have an individual account (including bureaucracy) an may get an old-age pension at 65, or before if their found is enough to guarantee a pension equivalent to 70% of the average of the last five years wage; government offers also minimum pension for people who made contributions at least 15 years.
With the probable proposal, minimum age for retirement will be reduce to 60 years and minimum years of contributions will also be reduced to 10 years.
Reforms like thise should be analyzed carefully in order to avoid financial unsustainable systems.
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