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The information and legal topics you need to know, in a simple and easy to read format.

Notifications received by some retirees

20/3/2020

 
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In recent days, some of you have received a Joint Notice from the Federal Court to request an order for the approval of the process to vote on and confirm the Adjustment Plan in the bankruptcy of the Government of Puerto Rico under Title III of PROMESA.

This document is part of the normal bankruptcy process. Retirees from the Central Government, Teachers and Judiciary retirements systems DO NOT HAVE TO TAKE ANY ACTION on this document. The Official Committee of Retirees, appointed in June 2017 by the Office of the United States Trustee, represents the collective interests of retirees in all pension matters and is closely monitoring the Court's actions in the case. You can rest assured that the COR will keep you informed and tell you when they need to take action.

On the other hand, the Federal Court issued an order allowing the Board of Fiscal Oversight, on behalf of the Government of Puerto Rico, to request certain information from the active employees  and inactive participants (former employees that did not take out their individual contributions)  of the Employees, Teachers or Judiciary retirement system, prior to the confirmation of the Plan of Adjustment. The information that will be requested, among other things, includes mailing address, years of service and employment information, in order to be able to send you the package with information and materials (including ballots) to vote on the Adjustment Plan.
 

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  • Inicio
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  • Prime Clerk