Panama

Benefits for Your World

Explore the benefits offered to eligible employees — and discover the value these plans and programs bring to your life.

Medical insurance

All employees have health insurance from the social security fund.

AECOM provides a monthly private medical insurance amount of $130.00. If the insurance is greater than this amount, the employee pays the difference.

Private Insurance is available through:

  • ANCON
  • PALIG
  • MAPFRE
  • International Insurance CIA

Life insurance and income protection

You receive company paid basic life insurance of $25,000.00 with the option to increase coverage at a cost to you. We also offer income protection, which provides for a proportion of your normal earnings to be continued if you are unable to work due to illness or incapacity.

You have life insurance for these amounts:

COVERAGES / LIMITS
Death from any cause$25,000.00
Accidental death and dismemberment accidents$25,000.00
Total and permanent disability$25,000.00
Triple compensation for death in a specific accident$25,000.00 Included
Advance of sum insured for terminal illness$8,750.00
advance of sum insured for burial expenses$3,000.00

Health screenings

Stay on top of your physical well-being with a range of screenings, including cancer screenings, food intolerance screenings and allergy insight testing. It is important to check this before with our broker because you may have to pay the deductible.

Dental

Protect your (and your family’s) teeth with public security service of dental insurance. Private insurance does not cover this service.

Time off

If your paid vacation days have already been taken and you require more days off, you can request a Leave without Pay (LWOP), which must be authorized by your manager in advance. You may not buy additional vacation days. Remember, your vacation days are a right by law. It is important to enjoy your vacation every year as vacation days are not cumulative.

Retirement and financial benefits

You have the right to retirement by law, since you contribute to the Social Security Fund.

Additionally, AECOM provides an optional private retirement plan. If the employee is interested, he must contribute 2% of the annual salary to the fund, and the company will contribute another 2% for the employee.

If you have any questions about employee benefits or wellness programs in Panama, please open a case through the Employee Center.

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