P.R. Laws tit. 3, § 5003
In exercising his/her choice to retire, each participant who has not received reimbursement of his/her accrued contributions shall be entitled to receive the retirement annuity indicated in this section. Payment of said retirement annuity shall begin on the date of effectiveness.
(a) Every participant who as of June 30, 1998, has attained twenty-five (25) years or more of creditable services and is fifty-five (55) years of age or older, shall receive a retirement annuity equal to seventy-five percent (75%) of his/her average compensation.
(b) Every participant who as of June 30, 1998, has attained thirty (30) years or more of creditable services and is fifty (50) years of age or more, shall receive a retirement annuity equivalent to seventy-five percent (75%) of his/her average compensation. The abovementioned requirements shall not apply to any participant who between August 1 and November 2, 1998, has been subject to a request by an agency who subsequently avails him/herself of said benefits.
(c) Every participant who as of June 30, 1998, has attained twenty-five (25) years or more, but less than thirty (30) years of creditable services, and is not yet fifty-five (55) years of age shall receive a retirement annuity equal to sixty-five percent (65%) of his/her average compensation.
(d) Every participant who as of June 30, 1998 has attained twenty-four years of creditable services or more, but has not yet completed twenty-five (25) years of such services and is sixty-five (65) years of age or more on June 30, 1998, shall receive a retirement annuity equal to sixty-five percent (65%) of his/her average compensation.
History —July 28, 1998, No. 182, § 4; Dec. 6, 1998, No. 293, § 3.