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Chileans rushed Thursday to faucet their retirement financial savings simply days after the federal government permitted folks to raid their pensions to ease the financial ache brought on by the coronavirus pandemic.
Under a legislation authorized final week, Chileans can entry up to 10% from their necessary pensions over the following 12 months, both in particular person or by registering on-line to have the cash wired to their accounts. Within 5 hours of the brand new program coming on-line, almost two million Chileans logged on to pension web sites, briefly crashing on-line platforms.
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