Archive for José Piñera

José Piñera, former Minister of Labor and Social Security of Chile, is president of the International Center for Pension Reform and co-chairman of the Cato Institute's Project on Social Security Privatization. He is author of Empowering Workers: the Privatization of Social Security in Chile (Cato Institute).

How We Privatized Social Security in Chile

Social Security is the single largest government program in the United States, spending $350 billion a year—more than the defense budget during the Cold War. The bad news is that Social Security is approaching bankruptcy. It won’t be able to pay all the benefits everybody has been promised. This is because any pay-as-you-go social security [...]

1Jul1997 | | 0 comments | Continued
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