Protests Erupt Against Panama's Law 163 on Pensions

Leaders of Panamanian educators are mobilizing against Law 163, fearing it jeopardizes pension stability. Nationwide protests are scheduled if the law is not repealed.


Protests Erupt Against Panama's Law 163 on Pensions

The teachers' unions in Panama have raised their voices against Law 163, which introduces reforms to the pension system of the Social Security Agency (CSS). Teacher leaders believe these changes jeopardize the stability of the solidarity system and affect workers' rights.

Humberto Montero, leader of the National Front of Independent Educators (Frenei), has labeled Law 163 as "the law of death" due to its potential negative impact on the old-age pension system. According to Montero, this law could harm pensions by allowing CSS funds to be managed by private financial intermediaries.

In response to the approval of the law, teachers' unions have decided to join protests across the country. Simultaneous mobilizations, distribution campaigns, and a 24-hour national strike have been planned as pressure measures. The leaders warn that they will intensify protests if the government does not reverse the law's approval.

Luis Sánchez, Secretary General of the Veraguense Educators Association (AEVE), has stated that the fight against Law 163 will not be limited to specific events, but will remain firm and continuous. The union has expressed its rejection of the law, arguing that it harms workers and endangers the future of the next generations.

Sánchez has also highlighted the importance of youth participation in this movement, emphasizing that the struggle concerns not only current workers but also the future of new generations. Additionally, AEVE denounces the lack of transparency in the law's approval process, indicating that closed-door meetings were held between deputies and government members.