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Law 504: Assembly approves bill for claims of retirees

At least 600,000 workers will benefit from this bill
  • At least 600,000 workers will benefit from this bill
  • Panama National Assembly

The legislature approved in a third discussion Bill 504, which orders the payment of the thirteenth month for employees who worked between 1972 and 1983.

The approval of this law justifies the fulfillment of a delayed debt that amounts $ 366 million. At least 600,000 workers from the public and private sector will benefit from this bill, which has been discussed for 45 years.

It is proposed that the special fund for the payment may be fed additionally with resources coming from the general budget of the State.

It is still necessary the ratification of Panamanian president Juan Carlos Varela and its publication in Official Gazette.

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