Any disability retirement annuity, or any other annuity provided in this chapter, shall be payable for life, in equal monthly installments, and shall not be increased, decreased, revoked or repealed, except when it has been granted through an error, or when it is explicitly provided otherwise. The cost of providing death benefits granted upon the death of a retiree who receives a retirement annuity, shall not be charged to the life annuity payable to the member.The first payment of any annuity shall be made for the fraction of a month remaining until the end of the first month; and the last payment shall be made up to the end of the month that the death of the participant occurs.The employers shall be bound to submit to the Administration all the required documentation within sixty (60) days following the date of the request for retirement benefits or liquidation of funds is filed. The Administration shall process the request for retirement benefits or liquidation of funds within sixty (60) days following the filing of the request with all the documentation as required by the Retirement System.If an employer does not comply with the obligation established in this section, he/she ty (60) days following the filing of the request with all the documentation as required by the Retirement System.If an employer does not comply with the obligation established in this section, he/she would be liable for the payment to the participant of an amount equivalent to one (1) month of the salary that the participant received on the date the request for retirement benefits or liquidation of funds was filed. History —May 15, 1951, No. 447, p. 1298, § 25, renumbered as § 2-120 on Sept. 24, 1999, No. 305, § 29; July 20, 2000, No. 124, § 1; renumbered as § 2-118 on April 4, 2013, No. 3, § 10, eff. July 1, 2013. Any disability retirement annuity, or any other annuity provided in this chapter, shall be payable for life, in equal monthly installments, and shall not be increased, decreased, revoked or repealed, except when it has been granted through an error, or when it is explicitly provided otherwise. The cost of providing death benefits granted upon the death of a retiree who receives a retirement annuity, shall not be charged to the life annuity payable to the member.The first payment of any annuity shall be made for the fraction of a month remaining until the end of the first month; and the last payment shall be made up to the end of the month that the death of the participant occurs.The employers shall be bound to submit to the Administration all the required documentation within sixty (60) days following the date of the request for retirement benefits or liquidation of funds is filed. The Administration shall process the request for retirement benefits or liquidation of funds within sixty (60) days following the filing of the request with all the documentation as required by the Retirement System.If an employer does not comply with the obligation established in this section, he/she ty (60) days following the filing of the request with all the documentation as required by the Retirement System.If an employer does not comply with the obligation established in this section, he/she would be liable for the payment to the participant of an amount equivalent to one (1) month of the salary that the participant received on the date the request for retirement benefits or liquidation of funds was filed. History —May 15, 1951, No. 447, p. 1298, § 25, renumbered as § 2-120 on Sept. 24, 1999, No. 305, § 29; July 20, 2000, No. 124, § 1; renumbered as § 2-118 on April 4, 2013, No. 3, § 10, eff. July 1, 2013. Any disability retirement annuity, or any other annuity provided in this chapter, shall be payable for life, in equal monthly installments, and shall not be increased, decreased, revoked or repealed, except when it has been granted through an error, or when it is explicitly provided otherwise. The cost of providing death benefits granted upon the death of a retiree who receives a retirement annuity, shall not be charged to the life annuity payable to the member.The first payment of any annuity shall be made for the fraction of a month remaining until the end of the first month; and the last payment shall be made up to the end of the month that the death of the participant occurs.The employers shall be bound to submit to the Administration all the required documentation within sixty (60) days following the date of the request for retirement benefits or liquidation of funds is filed. The Administration shall process the request for retirement benefits or liquidation of funds within sixty (60) days following the filing of the request with all the documentation as required by the Retirement System.If an employer does not comply with the obligation established in this section, he/she ty (60) days following the filing of the request with all the documentation as required by the Retirement System.If an employer does not comply with the obligation established in this section, he/she would be liable for the payment to the participant of an amount equivalent to one (1) month of the salary that the participant received on the date the request for retirement benefits or liquidation of funds was filed. History —May 15, 1951, No. 447, p. 1298, § 25, renumbered as § 2-120 on Sept. 24, 1999, No. 305, § 29; July 20, 2000, No. 124, § 1; renumbered as § 2-118 on April 4, 2013, No. 3, § 10, eff. July 1, 2013.
Puerto Rico Legal Code