How it works
The settlement is estimated using monthly salary, start and end dates, length of service and pending vacation days. The seniority premium is calculated according to years worked.
- 01Enter salary, dates and pending vacation days.
- 02Confirm the information before calculating.
- 03Review income, deductions, net total and legal corpus.
Legal sources
Frequently asked questions
How is the seniority premium calculated in Panama?
The seniority premium equals one week of salary for each year worked, up to a legal maximum. The calculator estimates it automatically.
What is CSS and how does it affect my settlement?
CSS (Caja de Seguro Social) deducts a legal percentage from salary. The calculator includes it in the deductions.