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384c — Puerto Rico Law | CourtGPT
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  2. Laws/
  3. Puerto Rico/
  4. Title Eighteen - Education (§§ 1 — 3510-3520)/
  5. Part I - Public Schools/
  6. Chapter 18 - Pension Adjustment for Retired Teachers § 384 - Definitions/
  7. 384c
Puerto Rico Legal Code

384c

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The cost of the adjustment in pensions or life annuities authorized by this chapter shall proceed from the reserves in the Puerto Rico Teachers Annuity and Pension Fund, from the interest produced by the new investments made by the Puerto Rico Teachers Retirement Board as authorized by Section 35 of the 'Teacher’s Retirement Act', from employer and individual contributions in effect and from possible increases in the future; and from those special appropriations contributed by the Commonwealth Government with the purpose of maintaining the financial solvency of the system and which are consigned in the General Expense Budget of the Commonwealth of Puerto Rico, for the year in which the pension adjustment takes effect. History —Sept. 4, 1992, No. 62, § 5.