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Panama’s political parties to debate on social security

Panama City, Aug 7 (Prensa Latina) The president of Panama, José Raúl Mulino, summoned the heads of the political parties for tomorrow to discuss reforms to the Social Security Fund (CSS), according to an official communiqué.

According to the note from the Palacio de las Garzas (Executive headquarters), the heads of the parties will present their views on the crisis faced by benefit programs such as the Disability, Old Age and Death (IVM), whose funds could run out this year due to the low collection of the worker-employer quota with which pensions are financed.

The State will have to face a bankrupt pension sub-program and actuarial debts of the CSS that range between 65 and 75 billion dollars between now and 2079, according to figures shared by the institution.

Less than a month after taking office on July 1, Mulino stated that the crisis faced by the state-owned Social Security Fund is a priority of his administration.

In the usual weekly conversation with communicators and citizens; and when asked by Prensa Latina about another controversial issue: Minera Panamá, the President said that he will concentrate for now on the lack of medicines and the intermittence of medical appointments provided by the CSS.

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