San Juan, PR- The Official Committee of Retired Government Employees (COR, for its acronym in Spanish), appointed by the United States Trustee in June 2017, is focusing all of its efforts to protect the collective interests of retired government employees and guarantee their pension benefits in the Title III cases of federal law PROMESA related to the Government of Puerto Rico.
“We fully support the position of the Government of Puerto Rico that excluded any adjustments to government pensions from the revised Fiscal Plan. We oppose the proposed cut by the Federal Oversight Management Board (FOMB) and continue to fight to resist this attempt against retirees,” said José Marín, a retired police sergeant.
“I guarantee that the COR is doing everything possible and using all the legal tools at hand to defend our pensions, which were already adjusted and presently 75% of government retirees receive a pension of $1,500 a month or less” said Marín.
Even if the FOMB were to certify a Fiscal Plan that included cuts to pension benefits, these cuts could not be imposed unless and until the Court confirms a plan of adjustment that also includes such cuts. The COR will continue to advocate against any cuts to pensions, whether in a proposed fiscal plan or in a plan of adjustment.
Regarding the letter sent by the federal court setting the deadline to file a proof of claim, the COR reiterated that government retirees don’t have to file a claim regarding their pensions and other retirement benefits. The COR represents the collective interests of the community of retirees in this specific matter.
Among the concrete actions that the COR is taking to defend the pensions and pension benefits of the community of 167,000 government retirees, are: