A dónde va mi pensión (Where is my pension going?), an investigation by the Press and Society Institute, IPYS, the Pulitzer Center and 13 news organizations, revealed that workers from nine Latin American countries have saved around US$500 billion for their pensions but that they have no idea how and where their money was invested.
The investigation found that in some cases the money ended up in questionable companies that violated local regulations concerning the environment or worker’s safety.
In Chile, for example, 36 companies financed by pension funds accounted for nearly 3,500 fines issued by the labor regulator over the last five years.
Author(s): JULETT PINEDA SLEINAN
Publication Date: 6 July 2021
Publication Site: Organized Crime and Corruption Reporting Project