P.R. Laws tit. 3, § 761
A retirement and benefit system to be designated as the “Retirement System for Employees of the Government of the Commonwealth of Puerto Rico”, which shall be considered a trust, is hereby created. The funds of the System herein created shall be used and applied, as provided in §§ 761-788 of this title, for the benefit of the participating members of its membership, their dependents and beneficiaries, for the payment of retirement and disability annuities, death benefits and annuities, and other benefits, upon meeting the requirements set forth hereinafter, in order to achieve economy and efficiency in the administration of the Government of the Commonwealth of Puerto Rico.
The system shall be established as of the effective date of this act, and become operational on January 1, 1952, date on which the contributions and benefits shall become effective, as provided in §§ 761-788 of this title. The period from the effective date of this act to January 1, 1952, shall constitute the period of organization of the System. January 1, 1952, shall be known as the “operative date of the system”. In the case of public enterprises and municipalities, the operative date shall be the date on which their participation in the system begins. As of the effective date fixed in the modification of the agreement entered into between the agency in charge, the Secretary of Health, and the Secretary of Education, pursuant to the provisions of §§ 813-819 of this title; the benefits of §§ 766, 766a, 766d—774, 780, 781, 783, 785 and 786 of this title shall be coordinated with the benefits of Title II of the United States Social Security Act. In no case shall the combined payments of annuities of the Social Security and the Retirement System to participants under Chapter 2 of this Act shall be less than the annuity that would have corresponded to the System participant under Chapter 2, in accordance with the provisions of this Act. Retirement benefits provided under Chapters 3 and 5 of this Act shall not be coordinated with the benefits of Title II of the United States Social Security Act, except as it may apply under the provisions of Chapter 5.
History
—May 15, 1951, No. 447, p. 1298, § 1; June 20, 1956, No. 70, p. 292, § 2; Apr. 22, 1959, No. 2, p. 4, § 2; May 30, 1970, No. 62, p. 164; Feb. 28, 1972, No. 5, p. 7, § 1; June 20, 1972, No. 24, p. 421, § 2; May 21, 1992, No. 10, § 1; renumbered as § 1-101 and amended on Sept. 24, 1999, No. 305, § 3; Sept. 15, 2004, No. 296, §§ 1, 2; April 4, 2013, No. 3, § 1, eff. July 1, 2013.