# Does your pension qualify?

You need a lifetime pension of at least US$1,000 a month, plus US$250 a month for each dependent. If you own property in Panama worth more than US$100,000, the minimum is US$750.

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Your monthly lifetime pension (US$) I own (or will own) property in Panama worth more than US$100,000, in my own name 

### More options 

Your spouse’s monthly lifetime pension, if any (US$) Number of dependents

The dependent amount can also be shown with an additional pension or a local bank reference. This calculator gives guidance; we confirm your case before filing.

[National Immigration Service, requirements sheet PRP-JP (Jubilado/Pensionado): article 200 of Executive Decree 320 of August 8, 2008, articles 200–203, as amended by Executive Decree 26 of March 2, 2009 (per the Immigration Service sheet).](https://www.migracion.gob.pa/wp-content/uploads/2025/09/02-JUBILADO-PENSIONADO-1.pdf)

## Worked examples

| A single retiree with US$1,100 a month from Social Security | Qualifies: the minimum for one person is US$1,000. |
| --- | --- |
| A couple: US$700 and US$600 a month, the spouse applying as a dependent | Qualifies: spouses may add their pensions, and US$1,300 covers the US$1,000 minimum plus US$250 for the dependent spouse. |
| A retiree with US$800 a month who owns a US$150,000 apartment in Panama in her own name | Qualifies: with property over US$100,000 in your own name the minimum drops to US$750. |
| The same retiree, but the apartment belongs to her Panamanian company | Does not qualify for the reduction: the property must be in your own name, so the US$1,000 minimum applies. |
| A retiree with US$1,200 a month and two dependent children | Does not qualify on the pension alone: the target is US$1,500. The extra amount for dependents can also be shown with another pension or a local bank reference. |

## What counts as a pension

The pension must be paid for life, by a foreign government, an international organization or a private company. Military pensions and US Social Security retirement benefits are government pensions. A private pension or annuity also counts if it is paid for life, with documents from the fund. Savings, investment income or rent do not count on their own: for those, Panama has other residencies, which we can compare for you.

Executive Decree 320 of 2008, articles 200 and 201

## Planning your retirement in Panama?

Book a free 15-minute call. We will check your pension and tell you exactly what you need.

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