Bill Proposal to Raise Funds for Retirees

The Executive Branch of Panama, through the MEF, is studying a bill to raise 30 million balboas for payments to retirees and pensioners. Deputies reach consensus on several reform articles amid union protests.


Bill Proposal to Raise Funds for Retirees

The Executive Branch, through the Ministry of Economy and Finance (MEF), plans to present a transitional bill in the coming days. The objective of this initiative is to raise 30 million balboas in order to ensure payment to retirees and pensioners.

Amid protests from the labor sector, lawmakers have reached consensus on several articles related to the reform of the Social Security Fund (CSS). This agreement comes at a crucial time for the country's social security system.

One of the highlighted points of this legislative proposal is the search for additional funding sources for the CSS. These measures aim to ensure the sustainability and viability of the pension system in Panama in the long term.

In the words of an official government source: "It is essential to ensure that retirees and pensioners receive their payments regularly and without delays. This transitional law is an important step in that direction."