Rolando Ramírez Paniagua, former manager of the National Bank, filed an appeal after his monthly pension was lowered by about ¢3 million.
Ramírez went from receiving more than ¢17 million a month (the highest retirement pension in the entire country), to receiving ¢13,481,465, according to the National Pension (DNP), because the institution also reduced the salary of the current general manager of the National Bank.
The appeal was filed on October 13th 2016 against the Ministry of Finance and Labor.
Throughout his professional career, Ramírez was the general subcontractor of the Republic, Minister of Internal affairs during the first administration of former President Óscar Arias, president of the Central American Bank for Economic Integration (CABEI) and president of the Cathay Bank.
He retired on June 16th, 1986, when he was general manager of Banco Nacional (BN) and began receiving the so-called “Pure Treasury” pension.
This type of pension stablishes that the pensioner will receive a monthly amount equal to the salary of the person who occupies their last job position, the management of the National Bank in this case.
Since the current executive has a reduced salary of ¢13 million, Ramírez receives the same.
Rolando Ramírez’ pension is automatically updated every time the National Bank manager gets a raise,”
said Juan Alfaro, national pension director. This is how Ramírez Paniagua got the highest pension in the country: the equivalent of about 32 thousand dollars per month. For 30 years, Ramírez has been receiving one of the highest pensions in Costa Rica.
The appeal filed by Ramírez, 80, is being analyzed.