Effective January 1, 2001, and subsequently every three (3) years, the annuities paid pursuant to §§ 233 et seq. of this title, for age, years of service or disability that are in effect on that date and received for at least three (3) years, are hereby granted a three percent (3%) increase.
The Retirement System for the Judiciary shall cover the impact of this raise during the 2001-2002 fiscal year. The cost entailed by the increase in the pensions of former judges during those years shall be consigned in the budget of the 2002-2003 fiscal year and shall be reimbursed to the Retirement System for the Judiciary. To such effect, the Employees Retirement System Administration of the Government and the Judiciary shall certify said cost to the Management and Budget Office for it to be taken into account when drafting the budget. As of the 2002-2003 fiscal year, the funds to cover said increase shall be consigned in the general budget of expenses of the Commonwealth of Puerto Rico.
History —June 13, 2001, No. 41, § 1.