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5004 — Puerto Rico Law | CourtGPT
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  4. Title Three - Executive (§§ 1 — 9311)/
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  7. 5004
Puerto Rico Legal Code

5004

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As soon as the participants have attained the age of sixty-five (65) years or more and are eligible to receive benefits under Title II of the Federal Social Security Act, their pension shall be recomputed and the amount of the retirement annuity shall be one and half percent (1.5%) of the average compensation, up to six thousand six hundred dollars ($6,600), multiplied by thirty (30) years of creditable services, plus the corresponding percentage provided in § 5003 of this title of the average compensation in excess of six thousand six hundred dollars ($6,600) annually. Provided, however, That the retirement annuity of those participants who prior to the effective date of this act have availed themselves of the full supplemental plan of the retirement system, shall not be recomputed when they attain sixty-five (65) years of age.\nHistory —July 28, 1998, No. 182, § 5; Dec. 6, 1998, No. 293, § 4.