P.R. Laws tit. 3, § 5009
(a) The agency shall make monthly cash contributions to the Retirement System for a maximum period of five (5) years as of the date of effectiveness, equal to the annuity that would be received by the participant on account of the pension.
(b) The agency shall also contribute to the program the following:
(1) The employer and individual contribution of each participant who has availed him/herself of the Program based on the salary being received at the time of separation from the service.
(2) The contribution to the pensioner’s health plan which is in effect under the Retirement System.
(3) The Christmas bonus to which pensioners are entitled under the Retirement System.
(c) In the case of those agencies which are not public corporations, the Office of Management and Budget shall assign to the Retirement System in the General Budget Joint Resolution, the resources needed to cover the payment of the financial contributions provided in subsections (a) and (b) of this section corresponding to the employees who have availed themselves of the Program. These budget appropriations shall begin, starting in Fiscal Year 1999-2000, until what is established in subsection (a) of this section has been complied with.
(d) In order to enable the Office of Management and Budget to make the pertinent budget appropriations, it shall be required that the Administrator of the Retirement System issue an itemized certification of the funds projected to be needed for each fiscal year.
(e) The total amount of the financial contributions of the participating employers shall be remitted to the retirement system, forty (40) days after the signing of the General Budget Joint Resolution of each fiscal year.
(f) If an agency or corporation ceases operations, the financial contribution shall be defrayed through the advance of funds proceeding from the General Fund, disbursed by the Secretary of the Treasury. These advances shall be repaid through budget appropriations recommended by the Office of Management and Budget.
History —July 28, 1998, No. 182, § 10; Dec. 6, 1998, No. 293, § 6.