This video says about itself:
22 August 2016
Chileans have had enough! Hundreds of thousands marched through the streets yesterday, demanding an end to the private pension system created during the Pinochet dictatorship. With pensions less than minimum wage, retirees continue to fight for amounts they can actually live on.
From daily The Morning Star in Britain:
Marchers demand new pension system
Tuesday 23rd August 2016
But protesters said the scheme has left 10 million members with pensions that fall far short of the Pinochet regime’s promise of 70 per cent of final salary.
Currently the average pension pays about £300 a month, a figure which is less than the minimum wage.
President Michelle Bachelet announced a dozen planned reforms to the pension system two weeks ago, but protesters say they want the current system — in which pensions are invested in the stock exchange — completely dismantled.