P.R. Laws tit. 3, § 774
Upon separation from service, provided such separation is permanent, any member who is not entitled to a retirement annuity shall be paid upon application, except as otherwise provided herein, a refund equal to the amount of his/her contributions to the system. Any member shall also be entitled to a refund of contributions made to a superseded pension fund, if any.
Contributions made on and after the operative date of the system and the contributions made to any superseded pension fund shall bear interest in the system at the current rate, as of July 1, 1957. The refund of contributions shall include the corresponding interest. Contributions of participants separated from service shall earn interest up to six (6) months after the date of the employee’s permanent separation.
Any member receiving a refund shall thereby forfeit and waive all accrued rights in the system. If such person again becomes an employee and a member of the system, he/she may repay the amounts previously received by him/her as a refund, together with current interest earned thereby for the period from the date of their refund to their return to the system. Upon such reimbursement, such member shall again receive credit for the period of accredited service which he/she forfeited upon his/her separation from service. The Administrator may grant a payment plan to refund contributions.
History —May 15, 1951, No. 447, p. 1298, § 14; Apr. 9, 1954, No. 7, p. 120; June 19, 1954, No. 73, p. 374, § 6; June 12, 1957, No. 39, p. 90, § 4; July 19, 1960, No. 136, p. 390; Feb. 16, 1990, No. 1, § 10; Aug. 28, 1992, No. 51, § 1; renumbered as § 2-114 on Sept. 24, 1999, No. 305, § 23.