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Replacement Rates In The Chilean Pension Scheme And Projections Under Different Scenarios

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  • Superintendencia de Pensiones
  • Dirección de Presupuestos del Ministerio de Hacienda

    (Studies Division, Chilean Pension Supervisor)

Abstract

The adequacy and sufficiency of pensions systems are key at evaluating its performance. This report intends to look at them both from a rather elusive measurement: the replacement rate. Although this is not an unknown indicator, its calculation entails tricky challenges since depending on the measurement of pension benefits (its numerator) and income (its denominator) both the results and interpretation may vary greatly. Considering these challenges, we calculate this indicator for current pensioners, focusing on the years 2015-2022 and for future pensioners with the projection model of the Chilean Budget Office of the Ministry of Finance and a selection of synthetic cases.

Suggested Citation

  • Superintendencia de Pensiones & Dirección de Presupuestos del Ministerio de Hacienda, 2024. "Replacement Rates In The Chilean Pension Scheme And Projections Under Different Scenarios," Working Papers 73, Superintendencia de Pensiones, revised Jan 2024.
    • Handle: RePEc:sdp:sdpwps:73
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    References listed on IDEAS

    as
    1. Ximena Quintanilla Dominguez & Paulina Granados Zambrano & Maria Fernanda Toledo Badia, 2022. "Brechas De Género En El Sistema De Pensiones," Working Papers 71, Superintendencia de Pensiones, revised Dec 2022.
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      Keywords

      Tasas de reemplazo; Sistema de pensiones de contribución definida; Mercado laboral; empleo;
      All these keywords.

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