• Panamanian Law

  Filed under Related
  Jan 8

  
  One of the most appreciated benefits of employees in Panama is the Thirteen Month Pay. Under the law encompassing this benefit, workers in Panama will be paid thirteen months for every twelve months. The payout is given to employees every three months and one week at a time. This makes a big impact in calculating employee wages.

  The thirteenth month pay is released based on a schedule to all employees including those in the banking industry. If a worker has not rendered service for the entire 90 days he will still be able to get a pro-rated equivalent of his thirteenth month pay.

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