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Talk set on pension reform, Dec. 13

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

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