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395c — Puerto Rico Law | CourtGPT
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  4. Title Eighteen - Education (§§ 1 — 3510-3520)/
  5. Part I - Public Schools/
  6. Chapter 18c - Commonwealth of Puerto Rico Teacher’s Retirement System Act Sub/
  7. Subchapter III - Provisions Applicable to All System Participants § 395 - System Participants/
  8. 395c
Puerto Rico Legal Code

395c

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(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.