(a) Corporation. — Shall mean the State Insurance Fund Corporation.\n(b) Beneficiary. — Shall mean any person who receives any pension or benefit pursuant to this chapter.\n(c) Choice of retirement. — Shall mean the voluntary and irrevocable choice of any employee to avail him/herself of the benefits of the Early Retirement Program who meets the requirements to participate in the program.\n(d) Government of Puerto Rico. — Shall mean the Government of the Commonwealth of Puerto Rico.\n(e) Program. — Shall mean the Early Retirement Program for Employees of the State Insurance Fund Corporation.\n(f) Average [compensation]. — Shall mean the highest average annual remuneration of a participant during any three (3) creditable years of service until the date of separation from service. When computing the remuneration, any bonus granted in addition to the salary, as well as any payment for overtime working hours shall be excluded.\nHistory —July 13, 2000, No. 119, § 2.
Puerto Rico Legal Code