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Panamanian Parliament approves to pay millionaires retained bonus to workers

The Panamanian parliament approved today a bill that orders and establishes the way in which $ 366 million will be paid to 613,000 workers who stopped receiving part of a bond annually between 1972 and 1983.

Panama, Sep 12 (EFE) .- The Panamanian parliament today approved a bill that orders and establishes the way in which $ 366 million will be paid to 613,000 workers who stopped receive part of an annual bonus between 1972 and 1983.

The pay corresponds to a third of the so-called 13th month that are paid every year by public or private Panamanian employees, and which was taken over by the Government to finance Social Security and a housing program for eleven years.

The rule states that people will collect "money owed through Certificates of Payment for the Thirteenth Month (Cepadem) ", which" may be used as a guarantee for the fulfillment of any obligation or banking transaction, "the Assembly The legislation seeks to address the total debt over a four-year period (2019-2022) and establishes the maturity of the Cepadem each. October, depending on the years in which the money was discharged, the AN said.

Panamanian President Juan Carlos Varela today expressed his satisfaction and said that " the historic doubt with 613,000 retirees. "

In order to face this payment, which includes 3% interest, the Government announced months ago the creation of a special fund that will supply the money retained for those who have been convicted of corruption, as reported earlier this year when the initiative was approved and sanctioned.

In Panama, pay extraordinary of the thirteenth month, which corresponds to a monthly salary, is divided into three equal sections and is collected in April, August and December, as stipulated by law.

In 1972, the Panamanian military regime decided to allocate the second item of the thirteenth month to a social housing program of the National Mortgage Bank and to reinforce the funds of the Caja Social Security.

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