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Talk set on pension reform, Dec. 13
Posted December 6, 2006; 02:29 p.m.
The former head of Chile's much-studied pension system will speak at 4:30 p.m. Wednesday, Dec. 13, in 16 Robertson Hall.
Guillermo Larrain Rios, superintendent of pension funds for the
government of Chile from 2003 to 2006, will discuss "Challenges of
Funded Pension Schemes in Chile and Latin America."
In 1981 Chile replaced its government-run pay-as-you-go retirement
system with an investment-based private system of individual retirement
accounts. Several other Latin American countries have followed its
example. The system is one of the most studied and debated free-market
experiments in the world. President Bush has cited it as a model for
his efforts to restructure Social Security.
Larrain currently is chief executive officer of South Cone Innovación
Financiera and a consultant to the World Bank, the Organization for
Economic Cooperation and Development, and the government of Armenia. In
addition, he is a professor of macroeconomics at the University of
Chile.
The lecture is sponsored by the Woodrow Wilson School of Public and International Affairs.