Panamanian government suspends social security reform law

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LATIN AMERICA - New measures by Panama's parliament to reform the country's social security system will not be enacted for at least 90 days because of pressure from opposition groups.

Panama’s Social Security Fund (Caja de Seguro Social – CSS) is currently under funded by US$4.5bn, and according to recent government estimates, the fund will go bankrupt by 2012 if changes do not ...

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