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Vulnerable for empty political promises and demagogical speeches, as it Was earlier.

3. System KUPF has brought extremely important contribution to a mode of savings of the population

And national economies as a whole. Speaking about prospects of development of Chile in the nearest

Decades, it is possible to express hope that preservation of this system will play

The important role in the capital market, allowing to carry out profitable investments

Means and actively promoting, thus, to the further growth of the Chilean Economy.

The author of the given book, Ernan Chejre - the large expert in the field of insurance.

The graduate of Archiepiscopal Catholic university of Chile, in 1979 - 1981

He has continued the education at the Chicago university, and then has returned on

The native land where became the teacher of economic faculty Chilean University and the economic adviser in Chile and abroad. To me personally Its extremely successful activity as the adviser for these is familiar

To questions as a part of group, which in the beginning of 1990 under my general

Management has done the extensive analysis of economic policy of the government


I recommend this book to all who is interested in the Chilean system of the pension

Insurance, its working out, introduction and functioning.

June, 1991 it*


_ and

Also owing to inclusion in the analysis it numbers of years have changed some

The figures resulted in the given preface. In any case it does not change The received conclusions., As a result of revision of the initial data by preparation of the second edition_ _

Recently the powerful stream of the inconsistent has fallen upon the average Chilean

The statistical data. About many aspects of social and economic development

The usual citizen does not know, as to think. It seems, by means of figures it is possible

To prove everything.

Depending on the one who results these figures, the impression that is made The country that goes forward is at a stop, the number poor that increases, Decreases, capital investments that decrease, grow, state The medicine in comparison with private looks that better, worse, system The pension insurance, based on redistribution, is more High or lower step in comparison with that which is based on Individual accumulation of the capital, or individual capitalisation, and so Further.

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