Monday, September 24, 2007

Panama's retiree benefits

September 23, 2007
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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