P.R. Laws tit. 3, § 787k

2019-02-20 00:00:00+00
§ 787k. Defined Contribution Hybrid Program—Death, disability, or terminal illness benefits

(a) Death of participant on active duty.— If a person who was rendering services and had been making contributions to the Hybrid Program dies, such contributions shall be reimbursed to the person or persons designated by the participant by a written order duly recognized and filed with the Administrator, or to his/her heirs, if such designation had not been made. The reimbursement shall consist of the amount of the contributions made and the rate of return until the date of the participant’s death. The Administrator shall collect from such contributions any outstanding debt that the participant may have with the System.

(b) Death of a pensioner.— In a pensioner dies without receiving all the pension payments, his/her beneficiaries designated in the System or, in default thereof, his/her heirs, shall continue receiving the monthly pension payments until the contributions made by the participant are depleted.

(c) Separation from service due to disability or terminal illness.— The balance in the contributions account of every Hybrid Program participant who permanently separates from service due to total and permanent disability, or a disability in accordance with §§ 376 et seq. of Title 25, or due to terminal illness, as determined by the Administrator, shall be distributed by the Administrator, at the option of the participant, in a lump sum payment, or through an annuity contract, or any other optional form of payment pursuant to § 787j of this title.

After June 30, 2013 no disability pensions shall be issued as provided in §§ 769-771 of this title.

History —May 15, 1951, No. 447, p. 1298, added as § 5-111 on Apr. 4, 2013, No. 3, § 25, eff. July 1, 2013.