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397h — Puerto Rico Law | CourtGPT
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  4. Title Eighteen - Education (§§ 1 — 3510-3520)/
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  6. Chapter 18c - Commonwealth of Puerto Rico Teacher’s Retirement System Act Sub/
  7. Subchapter V - Defined Contribution Program § 397 - Creation of the Defined Contribution Program/
  8. 397h
Puerto Rico Legal Code

397h

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The Executive Director shall debit from the Defined Contribution Account established for each Defined Contribution Program participant those amounts used for the payment of benefits or a lump sum distribution in accordance with §§ 397i and 397j of this title. Once the total balance of the defined contributions account is paid, the account shall cease to exist. History —Dec. 24, 2013, No. 160, § 5.9.