Panama President Mulino Warns of Sanctions for Failing to Provide Discounts to Retirees

The President of the Republic, José Raúl Mulino, announced that he gave instructions to the Consumer Protection and Competition Defense Authority (Acodeco) to strengthen the supervision of compliance with the law that establishes discounts for retirees and pensioners.  The president indicated that the entity must verify that businesses respect this benefit and apply the corresponding sanctions in cases of non-compliance. 

“I have instructed Acodeco to monitor compliance with the law on discounts for retirees,” Mulino stated.

President Demands Respect for the Law on Discounts for Retirees

The president emphasized that this regulation must be complied with throughout the national territory and reminded everyone that the discount is a right established by law for Panamanian retirees including expats.  He also warned that there will be no exceptions for those who fail to comply with the provision and reiterated that all obligated establishments must respect this benefit for the retired population.  This law includes all retirees, not only local Panamanians, so expats from various countries qualify.  If you visit a restaurant and are refused the discount, not only threaten to report them to ACODECO but actually file a report.  You have heard from the President of Panama and he means business.