IMF Staff Country Reports

This Selected Issues paper analyzes a study conducted by the International Labor Organization, which evaluates the Caja de Seguro Social or CSS's actuarial situation. The paper describes Panama's social security system, which consists of the Social Security Agency (Caja de Seguro Social or CSS) and several complementary schemes. The study reviews the basic characteristics of the system; the CSS's financial situation; the complimentary public pension scheme—Fondo Complementario de Prestaciones Sociales; and strategies for further reform. It also provides a statistical appendix for the country.