P.R. Laws tit. 3, § 829

2019-02-20 00:00:00+00
§ 829. Supplementation Plan—Inapplicability of coordination plan; contribution; annuity

The provisions in regard to the coordination of the benefits of the Employees Retirement System of the Government of Puerto Rico and its instrumentalities with the benefits of Title II of the Federal Social Security Act as to the recomputations of the pension and contributions to the system, contained in §§ 761 et seq. of this title, shall cease to be applied to the participants of said Retirement System who as of July of 1968, are covered by such provisions and who express their preference and change to a plan of complete supplementation between both systems.

In addition to the contributions required by the Federal Social Security Act, the participants who choose the complete supplementation plan shall contribute to the Retirement System, if they are policemen or firemen, 7% of their compensation, and the other participants 6% of their compensation. In exchange for such contributions toward the Retirement System, the said participants shall be entitled so that the annuity corresponding to them by retirement or disability be not reduced on reaching 65 years of age and be eligible to the benefits of the Social Security.

History —June 19, 1968, No. 93, p. 167, § 1, eff. July 1, 1968.