reglab/statecodes huggingface dataset:
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18A - Teacher’s Early Retirement Program (§§ 385 — 385n) › § 385g - Liquidation of vacation leave, sick leave, and others

Any amount to which a participant is entitled as final liquidation on account of sick leave and vacation leave, except for forty (40) days of vacation to which he or she shall be entitled in one global payment, shall be paid in monthly installments for a period of months equal to the period needed to reach thirty (30) years of service and fifty-five (55) years of age during the next fiscal year after retirement.
History —Jan. 27, 2000, No. 44, § 10, eff. 30 days after Jan. 27, 2000.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18A - Teacher’s Early Retirement Program (§§ 385 — 385n) › § 385h - Life annuities

The annuities provided in this chapter shall be for life and be payable in monthly installments, and shall not be decreased, revoked, or repealed except for what has been provided in this chapter or when they were granted by mistake. They may be increased by law.
History —Jan. 27, 2000, No. 44, § 11, eff. 30 days after Jan. 27, 2000.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18A - Teacher’s Early Retirement Program (§§ 385 — 385n) › § 385i - Determination period

Every early election for retirement provided by this chapter shall be voluntary. During this 30 day period the Department of Education shall accept the resignation of the teachers who choose to avail themselves of the Early Retirement Program.
History —Jan. 27, 2000, No. 44, § 12; Sept. 2, 2000, No. 358, § 3; May 31, 2001, No. 33, § 2.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18A - Teacher’s Early Retirement Program (§§ 385 — 385n) › § 385j - Debts of the participant with the Retirement System

The debts incurred by a participant whose contributions served as guarantee shall continue to be deducted monthly from the participant’s pension to be paid into the Teacher’s Retirement System.
History —Jan. 27, 2000, No. 44, § 13, eff. 30 days after Jan. 27, 2000.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18A - Teacher’s Early Retirement Program (§§ 385 — 385n) › § 385k - Choice of retirement period

The election period to which all qualifying teachers shall have the right to join the Early Retirement Program shall last ninety (90) [days] after the approval of this act. It is hereby established that during this period all participants who qualify must request to join in the first and second year of the effectiveness of the act. For participants outside the Department of Education, the period for election shall last ninety (90) days and shall begin to apply immediately after the approval of this act.
History —Jan. 27, 2000, No. 44, § 14; Sept. 2, 2000, No. 358, § 4, eff. 30 days after Sept. 2, 2000.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18A - Teacher’s Early Retirement Program (§§ 385 — 385n) › § 385l - Retirement period

The resignation of teachers who qualify and join early retirement under this chapter shall be effective at the end of the school year. Personnel in administrative services or of other governmental agencies may make their resignation effective in any period of the school year later than May 2000.
History —Jan. 27, 2000, No. 44, § 15; Sept. 2, 2000, No. 358, § 5, eff. 30 days after Sept. 2, 2000.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18A - Teacher’s Early Retirement Program (§§ 385 — 385n) › § 385m - Legislative intent

Every section of the aforementioned Act No. 218, supra, that are not contrary to and inconsistent with the benefits established in this chapter, shall be jointly applicable with this legal provision, since the intention is not to impinge upon the vested rights of the teachers.
History —Jan. 27, 2000, No. 44, § 17, eff. 30 days after Jan. 27, 2000.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18A - Teacher’s Early Retirement Program (§§ 385 — 385n) › § 385n - Judicial revision

All matters related to administrative hearings procedures, adjudicative procedures, reconsiderations, and the revision of decisions issued by the Board, as the case may be, shall be governed by the provisions of §§ 2101 et seq. of Title 3, known as the “Commonwealth of Puerto Rico Uniform Administrative Procedures Act” and any regulations promulgated thereunder.
History —Jan. 27, 2000, No. 44, § 19, eff. 30 days after Jan. 27, 2000.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter I - General Provisions (§§ 391-392w — 391c) › §§ 391—392w - Repealed. Act Dec. 24, 2013, No. 160, § 2(a), effective December 24, 2013

History —Mar. 29, 2004, No. 91, § 2; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter I - General Provisions (§§ 391-392w — 391c) › § 391a - Creation [Repealed]

History —Mar. 29, 2004, No. 91, § 3; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter I - General Provisions (§§ 391-392w — 391c) › § 391b - Independence [Repealed]

History —Mar. 29, 2004, No. 91, § 4; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter I - General Provisions (§§ 391-392w — 391c) › § 391c - Human Resources Administration [Repealed]

History —Mar. 29, 2004, No. 91, § 5; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter II - Board of Trustees (§§ 391d — 391j) › § 391d - Powers and faculties [Repealed]

History —Mar. 29, 2004, No. 91, § 6; Feb. 29, 2012, No. 45, § 2, eff. 180 days after Feb. 29, 2012; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter II - Board of Trustees (§§ 391d — 391j) › § 391e - Constitution [Repealed]

History —Mar. 29, 2004, No. 91, § 7; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter II - Board of Trustees (§§ 391d — 391j) › § 391f - Organization; sessions; offices [Repealed]

History —Mar. 29, 2004, No. 91, § 8; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter II - Board of Trustees (§§ 391d — 391j) › § 391g - Teacher per diems and expenses [Repealed]

History —Mar. 29, 2004, No. 91, § 9; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter II - Board of Trustees (§§ 391d — 391j) › § 391h - Quorum; resolutions by majority vote [Repealed]

History —Mar. 29, 2004, No. 91, § 10; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter II - Board of Trustees (§§ 391d — 391j) › § 391i - Regulations [Repealed]

History —Mar. 29, 2004, No. 91, § 11; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter II - Board of Trustees (§§ 391d — 391j) › § 391j - Executive Director—Appointment; powers and duties [Repealed]

History —Mar. 29, 2004, No. 91, §§ 12, 13; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391k - Members of the System [Repealed]

History —Mar. 29, 2004, No. 91, § 15; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391l - Fees [Repealed]

History —Mar. 29, 2004, No. 91, § 16; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391m - Fees—Deductions [Repealed]

History —Mar. 29, 2004, No. 91, § 17; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391n - Fees—Accounts; property of the teachers [Repealed]

History —Mar. 29, 2004, No. 91, § 18; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391o - Fees—Devolution; interest [Repealed]

History —Mar. 29, 2004, No. 91, § 19; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391p - Applications by teachers who hold office in the Government; reciprocity [Repealed]

History —Mar. 29, 2004, No. 91, § 20; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391q - Time served—Teachers who do not work in public schools [Repealed]

History —Mar. 29, 2004, No. 91, § 21; Sept. 13, 2012, No. 240, § 1; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391r - Credit for services rendered for the Government [Repealed]

History —Mar. 29, 2004, No. 91, § 22; Aug. 20, 2006, No. 163, § 1; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter III - Members; Fees; Time Served; Credit for Services Rendered (§§ 391k — 391s) › § 391s - Payment of interest [Repealed]

History —Mar. 29, 2004, No. 91, § 23; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 391t - Contribution of the teachers upon return to active service [Repealed]

History —Mar. 29, 2004, No. 91, § 24; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 391u - Minimum annual lifetime income; suspension [Repealed]

History —Mar. 29, 2004, No. 91, §§ 25, 26; Apr. 24, 2007, No. 38, § 3; Oct. 26, 2007, No. 148, § 1; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 391v - Computation of years of service [Repealed]

History —Mar. 29, 2004, No. 91, § 27; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 391w - Retirement because of age [Repealed]

History —Mar. 29, 2004, No. 91, § 28; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 391x - Computation of lifetime annual income for disability [Repealed]

History —Mar. 29, 2004, No. 91, § 29; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 391y - Lifetime annual income shall be personal; assignment or embargo; prohibitions [Repealed]

History —Mar. 29, 2004, No. 91, § 30; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 391z - Retirement for disability; suspension of annual income; examinations [Repealed]

History —Mar. 29, 2004, No. 91, §§ 31, 32; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 392 - Distribution of fees at death [Repealed]

History —Mar. 29, 2004, No. 91, §§ 33, 34; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 392a - Payments after the death of a teacher [Repealed]

History —Mar. 29, 2004, No. 91, § 35; Sept. 14, 2004, No. 272, § 1, retroactive to July 1, 2004; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 392b - Penalties [Repealed]

History —Mar. 29, 2004, No. 91, § 36; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 392c - Employee’s Association—Exemption; withdrawal of funds [Repealed]

History —Mar. 29, 2004, No. 91, §§ 37, 38; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 392d - Effectiveness of the pension

History —Mar. 29, 2004, No. 91, § 39; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 392e - Lifetime annual income [Repealed]

History —Mar. 29, 2004, No. 91, § 40; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter IV - Retirement System (§§ 391t — 392f) › § 392f - Lifetime annual income—Proof of date of birth [Repealed]

History —Mar. 29, 2004, No. 91, § 41; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter V - Investment and Loans (§§ 392g — 392k) › § 392g - Investment—Rules and procedures [Repealed]

History —Mar. 29, 2004, No. 91, § 42; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter V - Investment and Loans (§§ 392g — 392k) › § 392h - Investments—Types authorized [Repealed]

History —Mar. 29, 2004, No. 91, § 43; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter V - Investment and Loans (§§ 392g — 392k) › § 392i - Loans—Nature; documents; exemptions [Repealed]

History —Mar. 29, 2004, No. 91, § 44; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter V - Investment and Loans (§§ 392g — 392k) › § 392j - Loans—Deductions and interest [Repealed]

History —Mar. 29, 2004, No. 91, § 45; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter V - Investment and Loans (§§ 392g — 392k) › § 392k - Loans—Power to regulate procedures [Repealed]

History —Mar. 29, 2004, No. 91, § 46; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392l - Regular and special appropriations [Repealed]

History —Mar. 29, 2004, No. 91, § 47; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392m - Contribution of the Government as employer [Repealed]

History —Mar. 29, 2004, No. 91, § 48; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392n - Use of surplus funds [Repealed]

History —Mar. 29, 2004, No. 91, § 49; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392o - Transfer from one system to another [Repealed]

History —Mar. 29, 2004, No. 91, § 50; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392p - Transfer to the office of the school director [Repealed]

History —Mar. 29, 2004, No. 91, § 51; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392q - Expedited processes—Obligation; penalties [Repealed]

History —Mar. 29, 2004, No. 91, §§ 52, 53; Aug. 26, 2005, No. 94, §§ 1, 2; Dec. 21, 2010, No. 208, § 1; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392r - Loss of benefits for acts of corruption [Repealed]

History —Mar. 29, 2004, No. 91, § 54; Feb. 18, 2008, No. 11, § 1; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392s - Mortgage credits at public auction [Repealed]

History —Mar. 29, 2004, No. 91, § 55; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392t - Deductions [Repealed]

History —Mar. 29, 2004, No. 91, § 56; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392u - Payment of deducted amounts [Repealed]

History —Mar. 29, 2004, No. 91, § 57; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392v - Christmas bonus [Repealed]

History —Mar. 29, 2004, No. 91, § 58; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18B - Teacher Retirement System (2004) › Subchapter VI - Final Provisions (§§ 392l — 392w) › § 392w - Procurement and budget [Repealed]

History —Mar. 29, 2004, No. 91, § 59; Repealed. Act.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter II - System, Board of Trustees, and Executive Director (§§ 394 — 394g) › § 394 - Teacher’s Retirement System

(a) A retirement system to be denominated as the Commonwealth of Puerto Rico Teacher’s Retirement System is hereby created. Said Retirement System shall be composed of a Defined Benefit Program and a Defined Contribution Program.
(b) The System shall be an independent Government entity separate from others.
(c) The funds of the System shall be used and applied for the payment of pensions and other benefits, as provided in this chapter, for the benefit of System participants, their dependents and beneficiaries.
(d) Any change in the System’s benefit structure shall be supported by previous actuarial studies, in which the cost and financing source thereof shall be determined. The Board of Trustees and the System’s Administration shall not be subject to the provisions of Act No. 164 of July 23, 1974, better known as the “General Services Administration Act”, and §§ 729a et seq. of Title 3, better known as the “Public Employees Health Benefits Act”.
(e) The System, including all its operations, real or personal property, capital, income, and surplus, shall be exempt from all kinds of taxes, levies, duties, or fees, including licenses imposed by the Government. In addition, the System shall be exempt from the payment of charges or fees required by law to bring actions and judicial proceedings, to obtain certifications from offices, instrumentalities, and agencies of the Commonwealth of Puerto Rico and its political subdivisions, and to execute public documents and record the same in the Property Registry of Puerto Rico.
(f) The System is an agency of the Central Government exempt from the provisions of §§ 1461 et seq. of Title 3, known as the “Public Service Human Resources Administration Act of the Commonwealth of Puerto Rico”, and all the regulations promulgated thereunder, except in the areas regarding the merit principle as defined in said Act, which shall be incorporated to the regulations adopted in its bylaws to be thoroughly implemented. In addition, the provisions of §§ 1451 et seq. of Title 3, better known as the “Puerto Rico Public Service Labor Relation Act”, shall apply to the System.
(g) Upon the approval of this act, all the provisions of the Personnel Regulations and the collective bargaining agreement in effect in the System shall continue in effect until a new collective bargaining agreement is executed.
(h) The System shall maintain regulations to govern its human resources system, which shall be based on the merit principle.
History —Dec. 24, 2013, No. 160, § 2.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter II - System, Board of Trustees, and Executive Director (§§ 394 — 394g) › § 394c - Organization; meetings; office

(a) The Secretary of the Treasury shall act as the Chair of the Board of Trustees.
(b) The Vice-Chair and Treasurer of the Board of Trustees shall be elected by a majority vote of its members.
(c) The Board of Trustees may appoint one Secretary in charge of the minutes as administrative officer under the supervision of the Executive Director, with the duties and obligations adopted in the regulations of the Board of Trustees that are consistent with this chapter, for the proper operation of the Board and support to the Executive Director.
(d) Any matters deemed pertinent by the Board of Trustees for its best administration and operation shall be considered at every meeting.
(e) The Board of Trustees shall hold quarterly meetings, which shall be called by the Chair of the Board of Trustees or at the request of a majority of the members of said Board, within two (2) days in advance, and shall include the agenda to be discussed.
History —Dec. 24, 2013, No. 160, § 2.4.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter II - System, Board of Trustees, and Executive Director (§§ 394 — 394g) › § 394d - Quorum; resolutions by majority vote

Five (5) members of the Board of Trustees shall constitute a quorum to resolve any matter under their consideration and any resolution adopted by the same shall be approved by a majority vote of the members present.
History —Dec. 24, 2013, No. 160, § 2.5.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter II - System, Board of Trustees, and Executive Director (§§ 394 — 394g) › § 394e - Regulations

The Board of Trustees shall establish through regulations the necessary provisions for its operation, including the powers and duties of its members.
History —Dec. 24, 2013, No. 160, § 2.6.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter II - System, Board of Trustees, and Executive Director (§§ 394 — 394g) › § 394f - Appointment of Executive Director

The Board of Trustees shall appoint and determine the salary of an Executive Director of the System who shall implement the provisions of this chapter.
History —Dec. 24, 2013, No. 160, § 2.7.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter II - System, Board of Trustees, and Executive Director (§§ 394 — 394g) › § 394g - Powers and duties of the Executive Director

The Executive Director shall be the chief executive officer of the System who shall have, without it being construed as a limitation, the following powers and duties:
(a) To direct and supervise all technical and administrative activities of the System, consistently with the regulatory provisions in effect or those subsequently adopted by the Board.
(b) To be responsible for the proper operation of the System.
(c) To adopt the necessary regulations to establish a human resources system for the Administration and the Board of Trustees, in accordance with the provisions of this chapter, as approved by the Board of Trustees.
(d) To be able to recruit, dismiss or remove employees, and contract professional and consulting services.
(e) To oversee the enforcement of the provisions of this chapter.
(f) To certify the necessary payments that are to be made, in accordance with the provisions of this chapter.
(g) To carry out any other duties entrusted or delegated to him/her by the Board of Trustees.
History —Dec. 24, 2013, No. 160, § 2.8.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395a - Contribution accounts; property of participants

The System shall keep individual balances of every System participant which shows all individual contributions said participant has made to his/her fund contribution account and defined contribution account. Said individual contributions shall be the exclusive property of the System participant and shall not be subject to any type of tax or garnishment or transfer, but in accordance with the provisions of this chapter, except as provided in § 399c of this title. The System may collect from the individual contributions any debt incurred by the participant with the Fund.
History —Dec. 24, 2013, No. 160, § 3.2.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395b - Salary deductions

The Secretary of Education or the pertinent appointing authority or any other person in charge of preparing the payroll of System participants shall deduct the corresponding individual contributions to be made by System participants and order that such contributions be covered into the System. The Secretary of the Treasury of the Commonwealth of Puerto Rico is hereby authorized to transfer the total amount of said contributions into the System.
History —Dec. 24, 2013, No. 160, § 3.3.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395c - Reimbursement of contributions

(a) As of August 1, 2014, any System participant who is no longer eligible as a participant and (1) has less than five (5) years of credited service, or (2) has contributed less than ten thousand dollars ($10,000) shall be entitled to have the total amount of the contributions made reimbursed, plus compound interests until he/she receives the reimbursement of contributions or up to six (6) months after the date of separation from service, whichever occurs first. Any debt that the participant may have with the System shall be deducted from such contributions.
(b) As of August 1, 2014, participants who have five (5) years or more of credited service and have contributed ten thousand dollars ($10,000) or more to the System, may not withdraw their individual contributions upon separation from service, but shall be entitled to the corresponding pension when they reach the retirement age established in this chapter.
History —Dec. 24, 2013, No. 160, § 3.4.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395d - Reciprocity between retirement systems

As of August 1, 2014, there shall be no reciprocity between systems, as provided in §§ 797–806 of Title 3, with respect to services rendered after July 31, 2014, between the System and other Retirement Systems of the Commonwealth of Puerto Rico, with regard to employees who have made contributions to another system and enroll in the Teacher’s Retirement System.
However, contributions made by the participants of the Teacher’s Retirement System may be transferred to other retirement systems of the Commonwealth of Puerto Rico that have defined benefit systems and accept the enrollment transfer of said participants.
History —Dec. 24, 2013, No. 160, § 3.5.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395f - Contribution of the pensioner upon return to active service

(a) The pensioner who returns to active service in the System on or before July 31, 2014, may choose to:
(1) While in active service as a System participant, return all payments received from the System on account of the pension, in which case, upon his/her definitive separation from service, his/her pension shall be computed again on the basis of all services rendered before and after his/her return in the manner provided in this chapter; or
(2) not to return the payments already received, in which case, upon his/her definitive separation from service, payment of the suspended pension shall be resumed, in addition, a supplementary pension shall be paid on the basis of services rendered and the average annual salary earned after his/her return to service. The supplementary pension shall be computed according to the formula provided in this chapter; in case the period of the services rendered after reinstatement is less than five (5) years, the average salary resulting from the entire aforementioned period of subsequent services rendered until July 31, 2014, shall be used.
(b) As of August 1, 2014, the payment of the pension received by any pensioner shall be immediately suspended as soon as he/she holds a paid job in the Government. After his/her separation from service, the payment of the suspended pension shall be resumed, and the pensioner may choose to withdraw the contributions made from the date of reinstatement until the date of separation, if after reentering, he/she worked five (5) years or less or accrued ten thousand dollars ($10,000) or less. If the pensioner worked five (5) years or more or accrued ten thousand dollars ($10,000) or more, after reentering service, he/she shall be entitled to an additional pension computed in accordance with this chapter.
History —Dec. 24, 2013, No. 160, § 3.7.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395g - Computation of years of service

(a) The basis for computing the years of service to which a participant is entitled shall be the date of the first original appointment for rendering services.
(b) Services rendered by System participants shall be computed as follows:
(1) Teachers.— Fifteen (15) calendar days of a school year month shall be equal to one (1) calendar month worked during the school year.
(2) Other participants.— Twenty-one (21) calendar days of a month shall be equal to one (1) calendar month worked.
(c) Subject to the provisions of § 395e of this title, all periods involving separation from service and leaves of absence without pay shall be excluded from such computation and shall not be considered for purposes of retirement, except for leaves of absence with or without pay and scholarships, provided that such leaves or scholarships are granted for professional improvement.
History —Dec. 24, 2013, No. 160, § 3.8.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395h - Retirement age

(a) Any participant who, as of the effective date of this act, is entitled to retire and receive any kind of pension under Act No. 91-2004, as amended, for having met the corresponding years of service and age requirements, may retire at any time after the effective date of this act.
(b) Any participant who, as of July 31, 2014, is entitled to retire and receive any kind of pension under Act No. 91-2004, as amended, or under the provisions of this chapter for having met the corresponding years of service and age requirements, may retire at any time after August 1, 2014.
(c) As of August 1, 2014, any participant who is active as of July 31, 2014, may retire when said participant:
(1) Reaches fifty-five (55) years of age and completes at least thirty (30) years of service, or
(2) reaches sixty (60) years of age and completes at least five (5) years of service.
(d) Any participant in active service that has enrolled in the System after August 1, 2014, may retire when said participant:
(1) Reaches sixty-two (62) years of age and completes at least five (5) years of service, and
(2) has accumulated individual contributions amounting to ten thousand dollars ($10,000) or more.
History —Dec. 24, 2013, No. 160, § 3.9.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395i - Retirement pension

(a) Applicability and requirements.— Every active System participant shall be entitled to receive a pension if he/she meets the following requirements:
(1) Has attained the retirement age established in the act, according to the date of enrollment in the System;
(2) has completed the service periods established in the act;
(3) has paid for any uncredited services indicated, which is necessary to be entitled to receive a pension, if applicable, and
(4) has not withdrawn the individual contributions made to the System.
History —Dec. 24, 2013, No. 160, § 3.10.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395j - Minimum pension

(a) Any participant who is active as of July 31, 2014, and was not eligible for retirement on such date with a pension benefit equal to or over sixty-five percent (65%) of the average salary and who, subsequently, applies for retirement when completing thirty (30) years of service and reaching the age of fifty-five (55) shall be entitled to a minimum pension of one thousand six hundred twenty-five dollars ($1,625) per month. The minimum pension of one thousand six hundred twenty-five dollars ($1,625) shall be guaranteed to teachers who enroll in the system as of August 1, 2014, and meet the years of service and age requirements provided in subsection (d) of § 395h of this title.
(b) A minimum pension of five hundred dollars ($500) per month is hereby fixed for those participants who retired on or before July 31, 2014. Every pensioner receiving a pension of less than five hundred dollars ($500) per month shall receive, as of August 1, 2014, the corresponding raise so that his/her pension amounts to five hundred dollars ($500) per month.
(c) Every four (4) years, the System shall request an actuarial study to evaluate the impact of increasing the minimum pension herein established. In the event that the actuarial study recommends an increase to the minimum pension, the System’s Board of Trustees shall be required to adopt such increase at the beginning of the following fiscal year.
History —Dec. 24, 2013, No. 160, § 3.11.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395k - Effectiveness of the pension

The effective date of the retirement pension for participants who are entitled to receive the same shall be the day following the date of their separation from service or a subsequent date as specified by them in the application for retirement, but in no case before separation from service, except when the provisions of this chapter provide otherwise.
History —Dec. 24, 2013, No. 160, § 3.12.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395l - Proof of date of birth

No pension shall be granted for age and years of services rendered until the participant who has applied therefor has provided evidence with the appropriate documents of his/her date of birth to the satisfaction of the System.
History —Dec. 24, 2013, No. 160, § 3.13.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395m - Pension shall be personal; assignment or garnishment; prohibited

Entitlement to a pension is personal and its assignment or transfer shall be null and void. The pension shall not respond for debts incurred by the pensioner, except those incurred with the System, and may not be garnished or affected by any judicial proceeding, except for acts of corruption as provided in § 399c of this title.
History —Dec. 24, 2013, No. 160, § 3.14.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395n - Exemptions of the Puerto Rico Commonwealth Employees Association

(a) System participants shall be exempt from complying with the provisions of §§ 9001 et seq. of Title 3, provided that they state so in writing to the Puerto Rico Commonwealth Employees Association (AEELA) within sixty (60) days after they begin making contributions to the System.
(b) Participants who choose not to avail themselves of the provisions of Act No. 9-2013, may only withdraw their funds in AEELA in the manner prescribed in said sections.
(c) Participants who continue their membership in AEELA shall comply with all the provisions of the act.
History —Dec. 24, 2013, No. 160, § 3.15.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395o - Deductions to the pension for the payment of membership fees and insurance

(a) Participants who were receiving or will receive a pension in the future may authorize the System to deduct from their pension a specific amount to pay the monthly membership fees of the Teacher’s Association of Puerto Rico, insurance premiums of the Commonwealth Employees Association, stocks and other obligation of the Puerto Rico Teacher’s Credit Union, or any other deduction requested by the retired teacher.
(b) The System shall remit a check payable to the Puerto Rico Teacher’s Association, the Puerto Rico Commonwealth Employees Association, the Puerto Rico Teacher’s Credit Union, or the U. S. Internal Revenue Office in the amounts thus deducted.
History Dec. 24, 2013, No. 160, —Dec. 24, 2013, No. 160, § 3.16.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395p - Distribution of contributions upon death of inactive system participants

(a) When an inactive System participant dies, accrued contributions plus the compound interest thereon shall be refunded, after deducting any debts outstanding in the System.
(b) Such refund shall be payable to the beneficiaries designated by the deceased participant in the System, through the designation of beneficiaries, or in its default, to his/her legal heirs.
History —Dec. 24, 2013, No. 160, § 3.17.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter III - Provisions applicable to all System Participants (§§ 395 — 395q) › § 395q - Distribution of individual contributions upon death

If a participant dies while in active service on or before July 31, 2014, his/her beneficiaries shall receive, in addition to the individual contribution and interest, a sum equal to one (1)-year salary of the position said participant held at the time of death.
History —Dec. 24, 2013, No. 160, § 3.18.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter IV - Defined Benefit Program for System Participants as of July 31, 2014 (§§ 396 — 396i) › § 396 - System Contribution Fund

(a) The “Puerto Rico Teacher’s Annuity and Pension Fund” shall be known from the effective date of this act as the “System Contribution Fund”, which shall be maintained and funded as follows:
(1) With the existing monies and assets of the “Puerto Rico Teacher’s Annuity and Pension Fund” as of the effective date of this act;
(2) with the fixed individual contributions made before August 1, 2014, as provided in subsection (a) of § 396b of this title;
(3) with the fixed employer contributions as provided in subsection (b) of § 396b of this title;
(4) with the contributions made by private institutions in accordance with the terms established in this chapter;
(5) with the gifts and bequests made to the Fund;
(6) with the appropriations made from the Expense Budget of the Commonwealth of Puerto Rico to finance additional benefits for pensioners, and
(7) with the interests, dividends, rents, and net earnings as part of the return on investment of the assets of the Fund.
History —Dec. 24, 2013, No. 160, § 4.1.
2023 Laws of Puerto Rico › TITLE EIGHTEEN - Education (§§ 1 — 3510-3520) › PART I - Public Schools (§§ 1 — 596d) › Chapter 18C - Commonwealth of Puerto Rico Teacher’s Retirement System Act (§§ 393 — 399d) › Subchapter IV - Defined Benefit Program for System Participants as of July 31, 2014 (§§ 396 — 396i) › § 396a - Fund contribution account

The System shall establish an individual account for each System participant to be credited with the total amount of individual contributions that such participant has made to the Fund as of July 31, 2014. The individual contributions made by System participants who as of July 31, 2014, have not completed ten (10) years of service, shall be transferred to the Defined Contribution Account of such participants as created under §§ 397—397k of this title.
History —Dec. 24, 2013, No. 160, § 4.2.