June 10, 2026 - The Financial Market Commission (CMF) published for consultation for the next four weeks a regulatory proposal amending Circular Letter No. 2,062 on recalculation of life annuity pension insurance policies of Decree Law No. 3,500 of 1980.

The main provisions of the regulatory proposal are as follows:

• Addition of a pension recalculation procedure for situations specified in Article 5 bis of Decree Law No. 3,500, which the National Congress has already approved (Bulletin No. 17,724-34) and is pending publication in the Official Gazette. Said Article states that a person sentenced as perpetrator, accomplice, or accessory to certain crimes specified in the Penal Code and the Domestic Violence Act shall not be eligible for a survivor's pension if the victim is the person for whom the pension is intended.
• Regulation of advance payments under the Deferred and Lifetime Pension Increase clause. It may be contracted together with the Immediate Life Annuity Policy only for old-age and disability pensions when said additional clause is added to the Pension Amount Inquiry and Offer System (SCOMP). This advance may be made as a one-time payment if payment of increased monthly life annuity benefits has not yet begun.

Interested parties can access the "Regulations Under Consultation" section of the CMF website to review the regulatory proposal in detail. The Commission also makes available the corresponding Regulatory Report with its core elements.