MedvedeffChile

MedvedeffChile - Social Security in Chile Demographics...

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    Social Security in Chile
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     Demographics Chile 15,980,912 people 0-14 years: 25.2%  15-64 years: 66.7%  65 and up: 8%  Population Growth  Rate: 0.97%  Birth Rate: 2.02 USA 295,734,134 people 0-14 years: 20.6%  15-64 years: 67%  65 and up: 12.4%  Population Growth  Rate: 0.92%  Birth Rate: 2.08
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     Economic Performance Chile GDP (PPP) $170  Billion Real GDP growth:  6.06 % GDP per Capita  (PPP) $10,630.97 GDP per Capita  growth: 4.85 % United States GDP (PPP) $12.37  Trillion Real GDP growth:  3.5% GDP per Capita  (PPP) $41,800 GDP per Capita  growth: 3%
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    GDP per Capita GDP per Capita 0 5000 10000 15000 20000 25000 30000 35000 40000 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 Time (years) GDP per Capita (PPP adjusted, constant 2000 $us) Chile GDP per capita, PPP (constant 2000 international $) (constant 2000 international $) United States GDP per capita, PPP (constant 2000 international $)
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    GDP Growth GDP Growth -15 -10 -5 0 5 10 15 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 Time (years) GDP Growth (annual %) Chile GDP growth (annual %) United States GDP growth (annual %)
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     Origins of Social Security Social Security is a system by which living  wages are paid to those who are retired.  It is  designed to enable the elderly and disabled  to retire, but to still earn monthly incomes. In 1898, Chile was one of the first American  Nations to implement a Social Security  program. The United States did not adopt Social  Security until 1935.
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     Origins of Social Security 1924: Government of Chile established a  national social insurance system for workers. A response to pressure exerted by the growing  number of worker organizations and strikes. Originally called “Caja,” the program was modeled  after system pioneered by Otto Von Bismarck in  the German Empire. Employee and Employer contributions to a state  run fund.
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     Origins of Social Security 1952: Government of Chile reorganized  the The Workers' Security Fund. Created a Social Insurance Service. This system lasted until after              1973, when Salvador Allende                               was overthrown in a military                      coup by Augosto Pinochet. 
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     Social Security and the Military Coup The new military government eliminated the  traditional “pay-as-you-go” (PAYG) system. 
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MedvedeffChile - Social Security in Chile Demographics...

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