The agency or municipality shall have the following obligations at the time a Pre-retiree enrolls in the Program:
(a) To ensure that any person who enrolls in the Program meets the requirements of § 9264 of this title.
(b) Once a pre-retiree enrolls in the Program and during his/her participation in the same, the agency or municipality commits to:
(1) Pay to every pre-retiree sixty percent (60%) of their average compensation as of December 31st, 2015, including the contributions to the Social Security and Medicare (except in the case of employees who were not contributing to Social Security prior to enrolling in the Pre-Retirement Program);
(2) make the corresponding employer and individual contributions to the Retirement System, on the basis of one hundred percent (100%) of their average compensation as of December 31st, 2015;
(3) keep pre-retirees in the health insurance plan or pay the corresponding employer contributions to the pre-retirees health insurance plans, according to the benefit enjoyed by them at the time of enrolling in the Pre-Retirement Program, for a term of two (2) years, as of their enrollment date, or until they enter the Retirement System, or until they are eligible to receive health insurance coverage in another employment, or by any other source of coverage, whichever comes first;
(4) stop making contributions to the Unemployment Insurance of the Department of Labor and Human Resources and the State Insurance Fund corresponding to the employee from his/her enrollment in the Program; and
(5) payout of unused vacation and sick leaves corresponding to each participant, in accordance with the limits established in the applicable legislation or regulations, on or before one hundred eighty (180) days after the participant’s enrollment date.
History —Dec. 8, 2015, No. 211, § 7.