P.R. Laws tit. 23, § 307a
All employees who meet the requirements established in § 307 of this title and who by January 31, 2006 have completed twenty-four and a half (24 1 / 2) or more accredited years of service regardless of their age, shall be entitled to receive a pension of seventy-five percent (75%) of the average salary.
It is hereby provided that what has been established in this chapter does not reduce the power and the authority of the Board of Directors of the Industrial Development Company for establishing the special criteria and parameters for granting any addition of benefit it may decide to grant as part of the Early Retirement Program. Also Provided, That the positions held by the employees who choose to retire shall not be reopened nor shall employees be contracted or subcontracted to perform the tasks executed by the employees who have chosen to retire unless they are indispensable for the operation of the Industrial Development Company, as determined by its Board of Directors.
History —Nov. 22, 2005, No. 143, § 2.