(a) The appointments, removals, promotions, transfers, layoffs, reinstatements, suspensions, leaves of absence and changes of category, remuneration or title of the officers and employees of the Company shall be made and permitted as provided by the rules and regulations of the Company.
(b) The officers and employees of any agency or dependency of the Commonwealth of Puerto Rico may be appointed by the Company without need of examination.
The state officers or employees who may be appointed by the Company and who prior to the appointment might be beneficiaries of any existing pension system or systems; retirement or saving loan fund, shall continue, after said appointment, to have the same rights, privileges, obligations, and status, with respect thereto, which the law prescribes for officers and employees who hold similar positions in the Commonwealth Government; except that if within the term of six (6) months after said appointment an intention is expressed to remove them from the service, in that case his position with respect thereto shall correspond to the position of the officers or employees who resigned or are removed from the Commonwealth Government.
Any employee appointed by the Company who, at the time of his appointment, was holding or had held a position in the Commonwealth Government or had any right or status under the Personnel Office, shall maintain the same condition with respect to the Commonwealth Government which he had at the moment of entering the service of the Company, or those most advantageous which the Personnel Office considers pertinent to the rank or position held in the Company.
Any officer and employee appointed for positions in the Company who at the moment of his appointment had or subsequently might acquire any right or status under the rules and classifications of the Office of Personnel, to be appointed for any similar position in the Commonwealth Government, shall have, when he so requires, the rights, privileges, obligations, and status, with respect to becoming a beneficiary of any existing pension, retirement, or savings and loan fund, system or systems, as if he had been appointed for such a similar position in the Commonwealth Government.
(c) The officers and employees of the Company shall be entitled to per diem payments which are authorized or approved in accordance with the regulations of the Company.
History —June 18, 1970, No. 10, p. 413, § 7.