The Pensionado Program is a government initiative in Panama designed to attract retirees from around the world. It offers various benefits, including discounts on healthcare, entertainment, and travel, making it an appealing option for those looking to retire abroad. To qualify for the program, applicants must be at least 18 years old and provide proof of a monthly pension or retirement income of a specified amount. The program aims to promote foreign investment and boost the local economy by encouraging retirees to settle in Panama.