The Chilean parliament is considering reforms to rules governing the country's pension system that would defuse social and political tension in the short term but incur various economic and political costs in the long term. Chile's Chamber of Deputies will vote July 15 on a provision that would permit payees into the system to withdraw 10 percent of their accumulated funds; the Senate would also have to approve the measure for it to become law. Opposition parties have endorsed the proposal as a means of ameliorating the deepening economic crisis provoked by the COVID-19 pandemic. Chilean President Sebastian Pinera, who called July 14 for a national agreement on deeper structural reforms to the pension system, opposes the current proposal.