In Pandemic-Hit Chile, Lawmakers Approve Bill for Early Access to Retirement Savings

Chile’s Senate accredited a invoice Wednesday enabling staff struggling with the country’s pandemic-induced financial meltdown to withdraw aspect of their contributions to personal pension funds, delivering a blow to President Sebastián Piñera’s govt and alarming economists who say it could harm a recovery.

The invoice was staunchly opposed by Mr. Piñera, who unsuccessful to convince lawmakers, some within his very own heart-proper coalition, to depart the $200 billion pension technique on your own. Officials had promised in its place to ramp up emergency…