If this does not show the wastefulness of the Costa Rican government then nothing does.
The Costa Rican Government will spend 22% of taxes on luxury pensions in 2019. By next year, the Government will spend ¢1.1 billion in paying these luxury pensions, an amount that equals 22% of the taxes collected by taxpayers.
Luxury pensions are those that end up being paid for by the Ministry of Finance with taxes or public debt. They are also known as pensions from the National Budget.
There are 65,000 pensions of this type. Contributions only cover 8% of them. 3,800 pensions are in excess of ¢2.5 million per month and 3,000 of these are paid from the National Budget.
Over 1,700 of the pensions above ¢2.5 million go to ex-employees of public universities. 1 out of 2 luxury pensioners come from public universities. Teachers and Government officials also often get luxury pensions.
