Authorized statement by Chief of Staff Ricardo Llerandi regarding the agreement between the Financial Oversight and Management Board and the United Public Servers union
(June 10, 2019 – La Fortaleza, San Juan) “Today, we learned of an agreement between the Financial Oversight and Management Board (FOMB) and the United Public Servers Union (SPU, by its Spanish acronym) with regards to the benefits of the public employees of the Government of Puerto Rico who participated in the retirement plan commonly known as Reform 2000, and the Defined Contribution Hybrid Program. As it is known, the defined contribution accounts of the participants of said retirement plans were not adequately funded during the past two decades.