Chile’s pension fund administrator, Provir, announced that over 200,000 of its affiliates will be eligible to transfer funds under a new provision of the 2024 Pension Law (Law 2381). The deadline to utilize this transfer opportunity is July 16th. This mechanism is a key component of the recently enacted pension reform aimed at providing greater flexibility and choice to pensioners. The law allows individuals to move their accumulated pension savings between different fund options. Provir is actively informing its affiliates about the process and requirements for utilizing this benefit. The company encourages eligible members to review their options and take advantage of the transfer opportunity before the stated deadline. This reform is expected to impact a significant portion of the Chilean pension system.