The Republic of Panama has become. in the last few years, the preferred place for retired people as a destiny for a second house to rest or to live. The fiscal advantages, low costs of life, the use of the North American dollar like official currency, international the financial center, the modern commercial centers and the good communications and systems of health are some of the reasons reason why many retired pensioners have chosen to live and to invest in Panama.

The law states benefits for the pensioners and pensioners in Panama as it is stated in the Law no. 6 of June, 1987 "BY WHICH STATES BENEFITs OF the RETIRED CITIZENS ARE ADOPTED, PENSIONERS, OF the THIRD and FOURTH AGE and IS CREATED and the TAX OF DENOMINATED TIMBRE IS REGULATED PEACE and SOCIAL SECURITY" and of which we have extracted some articles like the following ones:

1. Discount it 50% of the price charged for entry to the activities of reconstruction and entertainment such as movies, theaters, sports and other public. This discount is not applicable to these events marked benefits for youth, nomadic or those specifically authorized by the competent authorities.

2. Discounts for the following means of public transport:

1. Coaches, 30%
2. Trains, 30%
3. Launches and boats, the 30%
4. Discount of 25% in prices of air in public and airlines domestic and foreign private.

3. A minimum discount of the normal price of hotels, motels and pensions:

1. To 50% from Monday to Thursday
2. To 30% on Friday, Saturday and Sunda

4. Discount of 25% of the food consumed by the individual in all restaurants except the Fondas that do not require the license to operate.

5. Discount of 15% on these fast food.

6. Discount of 15% on the total cost for the services of hospitals and private clinics.

7. Discount of 10% in pharmacies for these medications obtained with a medical prescription.

8. Discounts on medical services:

1. To 20% in fees for consulting doctors of medicine and general medical and surgical specialists.
2. To 15% for dental services.
3. To 15% for optometry

9. Insurance companies that include in their allowances disease policies for the disease adjust their fees to cover the necessary adjustment to transfer the benefits of these reductions in the payment of winnings when the insured is 55 years if female, and 60 years if male and the Pensioners and Retired Persons.

10. Discount of 20% for technical and professional services.

11. Discount of 20% for all prosthetic devices as well as such items and accessories of aid personnel.

12. (12, 13.14, 15, 16, 17 belongs to business transactions, loans, etc.. Requires a translation and better than I can.)

13. Discount of 50% in the cost of passports.

14. A discount of 25% on the monthly electric consumption of the private or public entity until 600KW's and the regular rate will be applied anything on that amount.

15. Discounts disk to the characteristics possessed by associations of retirees and pensioners and the various discounts are entitled.

16. A discount of 25% to basic telephone service charge when:

1. Telephone service is on behalf of the individual
2. Is for a residential telephone
3. Is for one and only one phone. The regular rate solicit anything more.

17. Discount of 25% on the account of water while:

1. Consumption does not exceed $ 30.00
2. Beside account is in the name of individuals
3. Account is residential and is the first residence. The regular rate will apply to the rest of the residences