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Chileans protest against President Pinera blocking pension withdrawal scheme

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A protest calling for the resignation of Chile President Sebastián Piñera occurred on Monday, November 23 in the capital city of Santiago.

The Chilean president is planning to block pension funders to withdraw another 10% of their retirement savings. He argued that a second withdrawal from retirement plans will cause serious damage to the present and future retirement plans of all Chileans.

He allowed the first 10% withdrawal to help pension participants cope with the coronavirus pandemic in July.

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