PANAMA retirees see benefits improve, not just a great choice for EX-PATS.
In addition to their regular payments, retirees and pensioners in Panama receive additional bonuses each year as establis
Retirees will receive their payments next week, before Father’s Day.
Retirees and pensioners in Panama have additional economic benefits to their usual bi-weekly payments from the Social Security Fund (CSS) as established in current legislation.
Among these benefits is the permanent annual bonus of $140, created by Law 438 of June 14, 2024. This incentive is distributed in three payments throughout the year: $50 in April, $50 in August, and $40 in December. However, the Social Security Fund (CSS) has clarified that this benefit does not apply to individuals who joined the pension payroll after the law’s enactment.
Cepanim: dates, requirements and delivery process to beneficiaries
On the other hand, retirees and pensioners also receive the traditional Christmas bonus of 60 dollars, established in Law 51 of 2005. This payment is directed to the beneficiaries of the Disability, Old Age and Death (IVM) and Occupational Risks programs that are active in the payroll corresponding to the second half of December.
In addition, a group of pensioners and retirees receive an additional bonus of $100, as provided for in Law 70 of 2011. These beneficiaries are entitled to both the $60 Christmas bonus and the additional $100 payment, because they were not included in the staggered increase contemplated in said regulation.
In this way, thousands of retirees and pensioners in the country continue to receive these additional economic benefits that supplement their income throughout the year.
