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Panama could face pensions crisis

Monday, January 20, 2020


Panama's Chamber of Commerce has warned that if moves are not made to rein in companies who owe millions of dollars in social security payments, funds that support the benefits for pensioners and retirees will reach a critical level.

The Chamber calls for an urgent review of companies that are delinquent with the Social Security Fund and point to 2023 as the exhaustion date for pensions, Newsroom Panama reports.