P.R. Laws tit. 3, § 755b
All amounts discounted from employee’s salary shall be remitted to the banking entity selected by the employee to have his/her individual retirement account by the Department of Treasury, according to provisions of § 755a of this title. The Department of Treasury shall remit the amounts discounted from employees’ salaries to the banking entity selected by each no later than the first fifteen (15) days that follow the date on which the salary discount was made effective. In case the public instrumentality should be a Public Service Corporation, the Executive Director of the Corporation shall remit the discounts authorized herein by the employee to the banking entity selected by the latter to hold his/her individual retirement account.
History —Aug. 11, 1991, No. 60, § 2, retroactive to July 1, 1991.