P.R. Laws tit. 3, § 830g
The other necessary and regular expenses for the functioning of the Commission shall be defrayed by charging them to a special account to be established in the Department of the Treasury, which shall be denominated as the “Special Permanent Commission for the Study of the Government’s Retirement Systems Account”. This special fund shall be nourished, as provided below, by contributions of the presently established retirement systems that are part of the Special Permanent Commission for the Study of the Government’s Retirement Systems and shall be administered by the Commission, pursuant to the applicable rules and regulations of the Department of the Treasury.
(a) Each year the Puerto Rico Government Employee Retirement Systems existing at present that are part of the Special Permanent Commission for the Study of the Government’s Retirement System shall contribute the amount agreed upon by its Retirement Board, which shall not be less than fifty thousand dollars ($50,000) to the [special] account established in this section.
(b) Provided, That for the 1985—86 fiscal year each Board of Trustees or Retirement Board shall advise the Commission through its Administrator and by a certificate to such effects as to the agreement adopted with regard to the contribution it will make to the account, within thirty (30) days following the date of approval of this act. In subsequent fiscal years, said Boards of Trustees or Retirement Boards shall make known their agreement on the amount they will contribute to the fund, no later than thirty (30) days prior to the beginning of the fiscal year for which the contributions are designated. If any Board of Trustees or Retirement Board does not reach an agreement or does not make it known as provided above, the Commission is hereby empowered to call for the contribution which it deems appropriate, according to its needs, from the Retirement System in question. The Commission, likewise, is empowered to request any additional amount from these Retirement Systems that the Commission deems is needed, and the Systems shall contribute it.
(c) The contributions of the Employees Retirement System of the Government of Puerto Rico and its Instrumentalities shall be available to the Commission no later than the fifteenth of July of the fiscal year for which they are destined. The contributions of the other Retirement Systems shall be available to the Commission within fifteen (15) days after they have been informed or required as provided in subsection (b) of this section.
History —May 31, 1985, No. 20, p. 60, § 8; July 27, 2005, No. 34, § 2.