Since Chile introduced a fully funded, privately managed defined contribution scheme in 1981, some two dozens countries have converted a portion of their pension system to this arrangement.

自从智利在1981年引进了全基金式的、由私营部门管理的固定缴费方案之后，二十多个国家已经把它们的部分养老金方案转变为这种方案。

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"This pension arrangement became a symbolic issue, and the focus of unprecedented media and political attention, " he said in a statement.

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If they are from a personal pension arrangement then they can be similarly cashed in but only on two occasions in any individual's lifetime.

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The proposed rules say the partial pension arrangement can't begin until an employee reaches 59.5 years old--an age based on current penalties for early distributions from retirement plans.

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