P.R. Laws tit. 3, § 787o
(a) Uncredited creditable service.—
(1) Any participant who, on or before June 30, 2013, requests a payment plan to the Administrator, pursuant to subsection (b) of § 765a of this title, to defray the cost of creditable service may choose to make such payments at a compound special interest rate of nine point five percent (9.5%).
(2) Any participant who, on or before June 30, 2013, applies for a special personal loan to the Administrator to pay in full any uncredited creditable services, pursuant to subsection (c) of § 765a of this title, may chose to make such payment at a compound special interest rate of nine point five percent (9.5%).
(3) Any participant who avails him/herself of the special rate set forth in clauses (1) and (2) above and have entered public service on or before April 1, 1990, may only accumulate up to a maximum of sixty percent (60%) of the average compensation if he/she completes thirty (30) years of service.
(4) For purposes of this subsection, uncredited creditable services must have been rendered on or before June 30, 2013.
(b) Any participant who entered public service on or before April 1, 1990, and would have been entitled to retire on or before December 31, 2013, after thirty (30) years of service pursuant to the provisions of Chapter 2, may do so under the following terms:
(1) For those who have completed thirty (30) years or more of creditable service and have not reached the age of fifty-five (55) or more, fifty-five percent (55%) of their average compensation.
(2) For those who have completed thirty (30) years or more of creditable service and have reached the age of fifty-five (55) or more, sixty percent (60%) of their average compensation.
(3) Participants who avail themselves of the provisions of this subsection (b) shall make the mandatory contribution provided in § 787e of this title for benefit of the System, and such amount shall not be included in the contributions account of each Hybrid Program participant. Any excess mandatory contribution shall be credited to the Contributions Account of each participant.
History —May 15, 1951, No. 447, p. 1298, added as § 5-115 on Apr. 4, 2013, No. 3, § 39, eff. July 1, 2013.