P.R. Laws tit. 3, § 7037
Any amount that an employee who is participating in the early retirement program is entitled to receive, as a final liquidation of vacation and sick leave, or any other accrued bonuses owed by the Corporation, shall be paid as follows:
(a) If the lump-sum payment (accrued regular vacation and sick leave) exceeds twenty-five thousand dollars ($25,000), the remainder shall be paid in January 2001. In the event the employee has a debt with the Government Employees Association, the Retirement System, the Treasury Department, the Municipal Revenues Collection Center (CRIM, Spanish acronym), the State Insurance Fund Corporation or others, the same shall be deducted from the lump-sum payment and/or from the benefits for years of service provided by the State Insurance Fund Corporation.
(b) If the debt that the employee [who] participates [in] the Early Retirement Program of the State Insurance Fund Corporation is for the financing of an automobile, it shall be deducted from the lump-sum payment and/or the benefits for years of service provided by the Corporation. If the total debt is not covered thereby, the employee shall sign a promissory note that binds him/her to make monthly payments to the State Insurance Fund Corporation until the debt is totally paid up.
(c) The payment of benefits for years of service provided by the State Insurance Fund Corporation shall be paid to the employee within the month next to [sic] when the retirement is effective, unless there is any circumstance or an act of God that prevents it.
Any employee who decides to participate in the Early Retirement Program and is receiving the pro-retirement benefits offered by the State Insurance Fund Corporation, shall have to return any money received. His monthly salary shall then be considered without including the monthly sum of one hundred dollars ($100) for pro-retirement [sic]. The benefit received shall be deducted from the lump-sum payment and/or the benefits for years of service provided by the State Insurance Fund Corporation. If the total debt is not covered by it, the employee shall sign a note by which he/she agrees to make monthly payments to the State Insurance Fund Corporation until the difference is paid up.
History —July 13, 2000, No. 119, § 7.