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Project Proposal for “Chao Loan to the State” Opens Wide Local Debate
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The presidential proposal of José Antonio Kast, called “Chao Lending to the State”, has sparked a new focus of debate in the Biobío. The plan of the Republican Party’s flagman proposes to eliminate the contribution of 1.5% of the additional contribution that, under the current social security reform, workers give to the State as a repayable loan. In its replacement, those resources would be fully allocated to the individual accounts in the AFP, …
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