P.R. Laws tit. 3, § 7058

2019-02-20 00:00:00+00
§ 7058. Actuarial cost—Reimbursement

In the event that the payment made by the Environmental Quality Board of Puerto Rico, pursuant to § 7057 of this title, is greater than the actuarial cost, the Retirement System Administration shall reimburse the Environmental Quality Board of Puerto Rico for the excess of the amount paid within a period of not more than thirty (30) days as of the effective date of the Program. If, on the contrary, the payment made by the Environmental Quality Board of Puerto Rico were insufficient, the latter shall issue a payment for the additional cost certified by the Retirement System Administration within a period of not more than thirty (30) days as of the effective date of the Program.

History —Aug. 9, 2008, No. 244, § 8.