MR. DIRECTOR:
Regarding the correspondence with Arturo Cifuentes, it has become clear that the many times he warned me about the supposed problems of Fund E are limited to a 2019 seminar, where he presented a proposal copied from other regulatory realities and with evident conceptual errors for its application to the Chilean pension system. He took seven years to transform it into a paper, which he published in 2026, where he made corrections.
Contrary to what he says about my inaction, during those seven years he took to publish, I participated in numerous initiatives to benefit affiliates and pensioners, such as the approval and implementation of the PGU in 2022 and the Pension Reform of 2025, which currently benefit, and will continue to benefit, millions of people, thus marking a significant difference from Mr. Cifuentes' great contribution to the greater well-being of the people.
Osvaldo Macías
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TO THE EDITOR:
Regarding the exchange of letters with Arturo Cifuentes, it has become clear that the many times he warned me about the alleged problems of Fund E boil down to a 2019 seminar, where he presented a proposal copied from other regulatory realities and with evident conceptual errors for its application to the Chilean pension system. It took him seven years to turn it into a paper, which he published in 2026, in which he makes corrections. Contrary to what he says about my inaction, during those seven years he took to publish, I participated in numerous initiatives to benefit affiliates and pensioners, such as the approval and implementation of the PGU in 2022 and the 2025 Pension Reform, which currently benefit, and will continue to benefit, millions of people, thus marking an important difference with the great contribution of Mr. Cifuentes to the greater well-being of the people.
Osvaldo Macías
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