(a) Every person who is currently a member of the Retirement System and has participated in the System since July 1, 1968 should have expressed his preference for one plan or the other by the declaration made upon joining the System. It shall be understood that persons who have not submitted the declaration of preference between the coordination plan and the plan of complete supplementation shall join the existing coordination plan.(b) All new participants joining the System after April 1, 1990 shall join the plan of complete supplementation.(c) Current participants who have chosen the plan of complete supplementation shall base their contributions on 8.275% of their monthly compensation as of April 1, 1990.(d) Current participants who have joined the existing coordination plan shall contribute to the System, as of April 1, 1990, 5.775% of their monthly compensation up to five hundred fifty (550) dollars and 8.275% of monthly compensation in excess of that amount.(e) Current members of the Police Corps and the Firefighters Corps who joined the System after the date of the referendum referred to in § 829a [omitted] of this title shall contribute an amount equivalent to 8.275% of of the Police Corps and the Firefighters Corps who joined the System after the date of the referendum referred to in § 829a [omitted] of this title shall contribute an amount equivalent to 8.275% of their monthly compensation.(f) As of April 1, 1990, participants in the Retirement System who joined the existing coordination plan may join the plan of complete supplementation as long as they have paid to the System the necessary amounts plus interest to complete contributions on the basis of 8.275% of monthly compensation for the period of retroactivity. History —July 19, 1968, No. 93, p. 167, § 5, renumbered as § 4 and amended on July 20, 1979, No. 162, p. 413, §§ 2, 3; July 6, 1985, No. 75, p. 254; Feb. 16, 1990, No. 1, § 23, eff. Apr. 1, 1990. (a) Every person who is currently a member of the Retirement System and has participated in the System since July 1, 1968 should have expressed his preference for one plan or the other by the declaration made upon joining the System. It shall be understood that persons who have not submitted the declaration of preference between the coordination plan and the plan of complete supplementation shall join the existing coordination plan.(b) All new participants joining the System after April 1, 1990 shall join the plan of complete supplementation.(c) Current participants who have chosen the plan of complete supplementation shall base their contributions on 8.275% of their monthly compensation as of April 1, 1990.(d) Current participants who have joined the existing coordination plan shall contribute to the System, as of April 1, 1990, 5.775% of their monthly compensation up to five hundred fifty (550) dollars and 8.275% of monthly compensation in excess of that amount.(e) Current members of the Police Corps and the Firefighters Corps who joined the System after the date of the referendum referred to in § 829a [omitted] of this title shall contribute an amount equivalent to 8.275% of of the Police Corps and the Firefighters Corps who joined the System after the date of the referendum referred to in § 829a [omitted] of this title shall contribute an amount equivalent to 8.275% of their monthly compensation.(f) As of April 1, 1990, participants in the Retirement System who joined the existing coordination plan may join the plan of complete supplementation as long as they have paid to the System the necessary amounts plus interest to complete contributions on the basis of 8.275% of monthly compensation for the period of retroactivity. History —July 19, 1968, No. 93, p. 167, § 5, renumbered as § 4 and amended on July 20, 1979, No. 162, p. 413, §§ 2, 3; July 6, 1985, No. 75, p. 254; Feb. 16, 1990, No. 1, § 23, eff. Apr. 1, 1990. (a) Every person who is currently a member of the Retirement System and has participated in the System since July 1, 1968 should have expressed his preference for one plan or the other by the declaration made upon joining the System. It shall be understood that persons who have not submitted the declaration of preference between the coordination plan and the plan of complete supplementation shall join the existing coordination plan.(b) All new participants joining the System after April 1, 1990 shall join the plan of complete supplementation.(c) Current participants who have chosen the plan of complete supplementation shall base their contributions on 8.275% of their monthly compensation as of April 1, 1990.(d) Current participants who have joined the existing coordination plan shall contribute to the System, as of April 1, 1990, 5.775% of their monthly compensation up to five hundred fifty (550) dollars and 8.275% of monthly compensation in excess of that amount.(e) Current members of the Police Corps and the Firefighters Corps who joined the System after the date of the referendum referred to in § 829a [omitted] of this title shall contribute an amount equivalent to 8.275% of of the Police Corps and the Firefighters Corps who joined the System after the date of the referendum referred to in § 829a [omitted] of this title shall contribute an amount equivalent to 8.275% of their monthly compensation.(f) As of April 1, 1990, participants in the Retirement System who joined the existing coordination plan may join the plan of complete supplementation as long as they have paid to the System the necessary amounts plus interest to complete contributions on the basis of 8.275% of monthly compensation for the period of retroactivity. History —July 19, 1968, No. 93, p. 167, § 5, renumbered as § 4 and amended on July 20, 1979, No. 162, p. 413, §§ 2, 3; July 6, 1985, No. 75, p. 254; Feb. 16, 1990, No. 1, § 23, eff. Apr. 1, 1990.
Puerto Rico Legal Code