The Panamanian government announced it will begin paying a historical debt to retirees that has been dragging on for decades. This concerns money held back as interest for the second part of the thirteenth month's salary, withheld between 1972 and 1983. The state itself recognizes this debt as legal, and the payment will be made through negotiable interest-bearing payment certificates. President José Raúl Mulino, who made the announcement, explained that each certificate will include the beneficiary's name, amount, and maturity date. According to the information, these certificates will have economic value, will be transferable, and will not be subject to seizure or withholdings. Mulino also stated that if a beneficiary passes away, their heirs can claim the money through a simple procedure. The distribution of these certificates is scheduled for June.
Panama's Government to Pay Historical Debt to Retirees
The Panamanian government announced the start of payments for a historical debt to retirees, with payments to be made via interest-bearing certificates.