2023 Laws of Puerto Rico › TITLE THREE - Executive (§§ 1 — 9311) › Chapter 83 - Early Retirement for Government Employees (§§ 5001 — 5034) › Subchapter II - 2000 Early Retirement Program (§§ 5018 — 5034) › § 5018 - Definitions

The following terms and phrases, as used in this subchapter, shall have the meaning expressed below, except when the context clearly indicates another meaning:
(a) Administrator. — Shall mean the Administrator of the Employees Retirement System of the Government of Puerto Rico and its Instrumentalities.
(b) Agency. — Shall mean the public departments, agencies, corporations and instrumentalities of the Executive, Legislative and Judicial Branches of the Government of Puerto Rico.
(c) Government Fiscal Agency. — Shall mean the Puerto Rico Government Development Bank, or any other entity or instrumentality periodically designated by the Puerto Rico Legislature as a fiscal agent for the Government of Puerto Rico.
(d) Fiscal year. — Shall mean the period beginning on July 1 of any year and ending on June 30 of the following year.
(e) Accumulated contributions. — Shall mean the total of all contributions made by a participant of the retirement system and regular interests additions thereto.
(f) Beneficiary. — Shall mean any person who receives a pension or benefit pursuant to the provisions of this subchapter.
(g) Choice of retirement. — Shall mean the voluntary and irrevocable choice of participating in the benefits of the early retirement program made by the any employee who meets with the eligibility requirements of the program.
(h) Effective date of the pension. — Shall mean the day after the date when the participant stops performing his/her duties.
(i) Government of Puerto Rico or Government. — Shall mean the Government of the Commonwealth of Puerto Rico.
(j) Retirement [System] Act. — Shall mean §§ 761 et seq. of this title.
(k) Participant. — Shall mean any agency employee who, on or before December 30, 2002 [sic], meets with the eligibility requirements of the program established in this subchapter, and who during the selection period makes a choice of retirement.
(l) Selection period. — Shall mean the period between July 1, 2000 and January 31, 2001, during which any employee who meets the requirements provided in this subchapter for participating in the program may elect to avail him or herself of the benefits of this subchapter.
(m) Determination period. — Shall mean the period between October 1, 2000 and February 28, 2001, in which an agency shall determine the feasibility of implementing the Program at that time, based on its economic capacity and the number of choices for retirement made by eligible officials and employees of said entity.
(n) Implementation period. — Shall mean the period between December 1, 2000 and April 30, 2001.
(o) Program. — Shall mean the Early Retirement Program for the Employees of the Government of Puerto Rico. The Employees’ Early Retirement System of the Government of Puerto Rico and its Instrumentalities shall administer said program.
(p) Retribution. — Shall mean the gross and cash compensations an employee earns for services rendered in any agency. When computing the retribution, any bonus granted in addition to the salary, and any payment made for extra working hours shall be excluded.
(q) Average retribution. — Shall mean the highest average annual retribution a participant has during any of the three (3) creditable years of service until the date of separation from service.
(r) Creditable services. — Shall mean the services creditable under the Retirement System Act.
(s) Retirement [System]. — Shall mean the Employees Early [sic] Retirement System of the Government of Puerto Rico and its Instrumentalities created as per the Retirement System Act.
History —Aug. 12, 2000, No. 174, § 2; Dec. 26, 2000, No. 442, § 1.