According to the organizers, this reform mainly favors the private individual capitalization system, leaving the needs of workers in the background. teleSUR
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00:00In Chile, NoMoreAFP and other social movements urged citizens to picket on March 30th against
00:07the pension reform.
00:09The organization's name, NoMoreAFP, stands for NoMore Private Pension Fund Managers.
00:15This one and other social movements will be rallying against the lower wages decreed by
00:20the pension reform.
00:21They further denounced citizens would be giving their money to the state and companies.
00:27Therefore, they summoned people to take to the streets to protest against the pension
00:31reform that only strengthens the private pension fund managers instead of eradicating them.
00:38In this regard, experts ensure that the reform is just a step forward in the short term as
00:44it does not sort out the structural crisis of the pension system.