Severance
Pay Funds
ProFuturo* is
a recognized and experienced company managing Pension and Severance Pay
Funds in Panama, and makes available the same services it offers
its own employees.
ProFuturo’s Severance Pay
Fund provides
multiple advantages, such as:
- The Severance Pay Fund is a legal requirement
for private companies in Panama in order to guarantee worker’s
compensation benefits
- It is established
through a trust
- It offers specific benefits to the employer:
the expenses arising from these funds are income tax deductible and
the company receives the investment earnings or yields on the funds
contributed by the company
- ProFuturo has
4 different investment plans available designed to fulfill the particular
needs of each participant, depending on the level of risk
and yield desired.
- Of the Severance Pay Fund managers in Panama, ProFuturo has
distinguished itself by maintaining a leading position in the market
by offering specialized and high
quality service.
* Banco General owns 50% of ProFuturo
stock .
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