Video Duration 02 minutes 56 seconds

Chile Senate approves pension reform bill

A new pension reform law in Chile gives those hardest hit by the coronavirus pandemic a chance to dip into their savings. But it has left President Sebastian with his back against the wall.

In the face of opposition and pressure from the government, Chile’s Senate has approved a bill which means citizens who have been hit hard by the COVID-19 pandemic can withdraw cash from their pension funds

The historic vote will affect Chile’s highly unpopular private pension system, one of the main targets of last year’s mass protests.

Al Jazeera’s Lucia Newman reports from Santiago, Chile.