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The “120 at 65” government program in Panama contributes benefits to the quality of life of the elderly population. The objective of this quantitative, descriptive, retrospective and transactional study was to analyze the effects of the program on the quality of life of its beneficiaries. The instrument used: Quality of life in old age (WHOQOL-OLD of the World Health Organization). The study revealed that 47% of the older adults the elderly in the program perceives “normal” satisfaction in the autonomy dimension, and 71% of them perceive that the sensory skills dimension “somewhat” diminishes their ability to participate in activities, which in turn deteriorates their quality of life. The program (“120 at 65”) is a response to public policies in Panama; however, it requires monitoring to ensure a significant impact on the quality of life of its beneficiaries.