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About: Pension Reserve Fund of Chile     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SystemOfMeasurement113577171, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: companyyago:WikicatSovereignWealthFundsyago:Abstraction100002137yago:Fund113358549yago:Measure100033615yago:MediumOfExchange113372961yago:Money113384557yago:Standard107260623yago:SystemOfMeasurement113577171 New Facet based on Instances of this Class

The Pension Reserve Fund (PRF) of Chile is a sovereign wealth fund established on 28 December 2006 with an initial contribution of $604.5 million. It was established in response to Chile’s new demographic scenario characterised by an increase in life expectancy and the growth of senior citizen population, adding on yet another challenge for the government in terms of greater future retirement expenditures and the need to guarantee basic solidarity pensions to those who were not able to save enough for their retirement. At the end of July 2007, the PRF had a total of $1.37 billion worth of assets under its management.