New Extension for Payment of Worker-Employer Cuota

The Social Security Department in Panama is deferring for four months payments of the employer quotas.

Thursday, May 2, 2013

According to Roberto Troncoso, president of the Panamanian Association of Business Executives, the "moratorium by the Social Security Department (CSS by its initials in Spanish) creates a bad habit" among irresponsible employers.

In the view of Rafael Chavarria, director of the National Council of Organized Workers with such decisions employees lose their rights as the social insurance tokens only last for three months.

More on this topic

Nicaragua: Employer Contributions To Rise 1% starting January

December 2013

Through this move, transfers by private and state employers to the Nicaraguan Institute of Social Security will increase by $26 million.  

This was announced José Adán Aguerri, president of the Superior Council of Private Enterprise (Cosep). Of that $27 million, $6 million will be provided by state enterprises and the rest by private companies.

Proposal In Nicaragua to Raise Employer Contributions

October 2013

In order to balance the social security finances the Government of Nicaragua wants to increase employer's contributions from 16% to 19% .

Bayardo Arce, economic affairs adviser to the President, was the person who presented the project to representatives of the Superior Council of Private Enterprise (Cosep).

Period of Exemption from Charges Extended

April 2012

The Guatemalan Social Security Institute (IGSS) has granted an additional 90 days exemption from fines for those companies who do not pay employer and employee contributions on time.

The additional period granted by the IGSS began on Sunday, April 1st, under agreement 1284 published by the public record newspaper Diario de Centro América.

Costa Rica: Potential Increase In Social Security Charges

July 2011

Businesses are suggesting putting Social Security Department (CCSS) in order before increasing the compulsory contribution of employers and workers to solve their funding problems.

A press release from the Costa Rican Union of Chambers and Associations of the Private Business Sector (UCCAEP) states:

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