Legal Documents about The Pension Reserve
The following documents provide guidelines on the structure, composition, and management of the Pension Reserve Fund (The Pension Reserve), as well as other legal documents relating to the creation and operation of the Pension Benefits Council.
The Pension Reserve is part of the Plan of Adjustment for the Commonwealth of Puerto Rico confirmed by the U.S. District Court for the District of Puerto Rico on January 18, 2022, which became effective on March 15, 2022. It was originally proposed by the Official Committee of Retired Employees (COR, for its acronym in Spanish) and supported by the Financial Oversight and Management Board, the Government of Puerto Rico, and the Chapter of Retired Employees of Servidores Públicos Unidos de P.R. (AFSCME/SPU).
The Pension Reserve is independent from the Government of Puerto Rico and is composed of two entities: an Investment Board (in charge of managing and investing the funds) and a Pension Benefits Council (in charge of ensuring that the Government of Puerto Rico complies with the Guidelines on funding, withdrawal conditions and requirements, among other functions.)
Documento legal “Notificación de la Radicación del Cuarto Suplemento Enmendado y Documentos Relacionados con el Plan del Estado Libre Asociado de Puerto Rico, y otros”, entre estos, la escritura y el reglamento (guías) del Fideicomiso de la Reserva de Pensiones.
A Spanish translation of the Guidelines for the Governance and Administration of the Puerto Rico Plan of Adjustment Pension Reserve Fund and Monitoring of Plan of Adjustment Pension Benefits (Guidelines).
The Spanish version contains a translation of the Public Deed of the Pension Reserve Trust – Deed No. 2, executed on March 14, 2022. To learn about the content and scope of this document, readers should refer to the original English version.
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