RETIREE BENEFITS
Panama offers the world's most generous retiree benefits program, according to the newsletter International Living.
Benefits for pensioners who can prove they receive government or corporate pensions of $500 a month for an individual or $600 a month for a couple include:
50 percent off entertainment such as movies and
sporting events
30 percent off bus, boat and train fares
25 percent off airline tickets
50 percent off hotel stays Monday through Thursday
30 percent off hotel stays Friday through Sunday
25 percent off at restaurants
10 percent off prescription medicines
20 percent off medical consultations
15 percent off dental and eye exams
20 percent off professional and technical services
50 percent off closing costs for home loans
A one-time exemption on importing household goods
of up to $10,000 and an exemption every two years from
duties for importing a car.
Source: International Living newsletter
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