Cain's 'Chilean Model' - Investors.com

Cain's 'Chilean Model' - Investors.com: "Chile's system, enacted in 1981, took government out of the pension business altogether and replaced it with a system of personal retirement accounts.

It's one of most successful fiscal reforms in history.

It outperforms Social Security on returns, yielding about 9.23% compounded annual returns over 30 years under private management.

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That means Chilean retirees take home pension checks four times what they would have gotten if they had remained in their old Social Security system."

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