Retirees warn they will not sit idly by and do not rule out pressure measures if the Government fails to pay the owed interests. According to the parliamentarian, the payment of these resources would not only improve the quality of life for retirees but also inject liquidity into the national economy. As time passes without a concrete response, tension is rising. After years of patient waiting, the leader stated there is no valid excuse to continue postponing the payment of these funds. Ávila emphasized that the CEPADEN interests represent an essential income to cover medicines, food, and basic services, so the state's default worsens the retirees' economic and social situation. The situation became even more critical after deputy Javier Sucre, the proponent of the law related to CEPADEN, revealed that the accumulated debt from interest amounts to around 500 million dollars. The country's retirees have declared a state of maximum alert due to the non-payment of CEPADEN interests, resources that—according to their claims—belong to them by right and are vital for the survival of thousands of elderly people. The Coordinator of Retirees Fecha, through its director Héctor Ávila, issued a stern warning to the Government: 'Patience has run out'.
Panamanian Retirees on High Alert Over Unpaid Interests
Panamanian retirees have declared a state of maximum alert and threatened government pressure if owed CEPADEN interests are not paid. The debt amounts to around 500 million dollars.