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JosЁ¦ E. Devesa-Carpio
Carlos Vidal-MeliЁў

The transformation of the public pension system in Chile, which has served as a model
for later reforms carried out in other Latin American countries, has attracted the attention
of many researchers. The aim of this paper is to make a (provisional) technical
assessment of the functioning of these systems. The operating structure is described and
the main characteristics are analyzed. Main indicators are discussed including rates of
return, level of pensions provided, actual coverage, administration costs, size and
composition of fund portfolios, level of implicit pension debt, transition costs, and the
problems arising due to the existence of alternative methods of pensions provision.