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Complications for 119,917 pension plans

While the ASR runs out of cash to operate, they warn that implementing the adjustments requested by the Oversight Board will affect retirees budget

9 de abril de 2018 - 8:50 AM

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This content was published more than 6 years ago.
Last week, Governor Ricardo Rosselló Nevares submitted a new revised fiscal plan that does not include the pension cuts requested by the Board. (GFR Media)
Last week, Governor Ricardo Rosselló Nevares submitted a new revised fiscal plan that does not include the pension cuts requested by the Board. (GFR Media)

After running out of the remaining liquid assets, the Retirement Systems Administration (ASR, Spanish acronym) is evaluating what to do with the nearly $ 543 million left in loans, certain investments that are still in the books, including government bonds and even its main building.

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