P.R. Laws tit. 3, § 779b-1

2019-02-20 00:00:00+00
§ 779b-1. Preservation of benefits

(a) Benefits of System Participants, under §§ 761-788 of this title, who retire on or before June 30, 2013 shall not be modified, including benefits received or to be received by their beneficiaries in the event of the participant’s death.

(b) The right of every participant who, as of June 30, 2013 was eligible to receive a deferred pension for meeting all the requirements thereof, to receive such pension regardless of whether he/she has applied therefor, is hereby preserved.

(c) The right of every employee who has applied for a disability pension prior to the effective date of this act and is pending evaluation by the System is hereby preserved.

(d) In the case of a pensioner who had reentered public service before June 30, 2013, his/her contributions up to such date shall be preserved, in accordance with the option made under subsection (c) of § 766 of this title. Once he/she permanently separates from service, the benefit under the aforementioned subsection (c) of § 766 of this title shall be granted on the basis of the salaries earned and contributions made until June 30, 2013; Provided, That after July 1, 2013, he/she shall be transferred to the Defined Contribution Hybrid Program established in §§ 787a-787o of this title.

(e) The provisions of subsection (c) of § 766 of this title, shall apply to every pensioner who reenters public service after July 1, 2013.

History —May 15, 1951, No. 447, p. 1298, added as § 4-108 on Apr. 4, 2013, No. 3, § 29, eff. July 1, 2013.