Tag Archives: pension

Pensions must be out of electoral intentions. Politicians shouldn’t using public resources for political purposes.

  https://www.elnuevodia.com/english/editorial/pensions-must-be-out-of-electoral-intentions Pensions must be out of electoral intentions Using public resources for a promise of questionable feasibility, that would require hasty legislative compliance with the exact terms that the Constitution establishes for a constitutional amendment, is unjustifiable. jueves, 23 … Continue reading

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Puerto Rico Governor Seeks Referendum on Pension Payments

When your expenditures are greater than your sales tax revenues, one must show leadership in making the difficult spending cuts.  It is not sustainable to spend more money than you have over long time periods, whether as an individual, company, … Continue reading

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Puerto Rico announces referendum to protect public pensions

Past Puerto Rico politicians bankrupted Puerto Rico by borrowing too much money, as a sign of incompetence and mismanagement.  Now the citizens suffer.   Hard choices must be made to reduce the size of government, reduce entitlements, aka “free stuff.” https://abcnews.go.com/International/wireStory/puerto-rico-announces-referendum-protect-public-pensions-71880845Continue reading

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Puerto Rico oversight board chairman, member departing

Mr. Carrion said his chief disappointment is “the lack of commitment and political will to implement structural reforms necessary to propel Puerto Rico’s economy beyond its dependency on federal transfers.” What that means is that Puerto Rican politicians don’t want … Continue reading

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Puerto Rico Oversight Board Unveils University Fiscal Plan

https://www.bnnbloomberg.ca/puerto-rico-oversight-board-unveils-university-fiscal-plan-1.1451579 Puerto Rico Oversight Board Unveils University Fiscal Plan Jim Wyss, Bloomberg News 6-16-20 (Bloomberg) — Facing declining enrollment, a bloated pension system and more than $341 million in debt, the University of Puerto Rico needs to cut spending, boost … Continue reading

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Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for the year 2020

https://newsismybusiness.com/analysis-19s-lack-of-progress-in-getting-p-r-s-economy-back-on-track-is-bad-omen Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for ’20 January 2, 202001620 The lack of progress in getting Puerto Rico’s economy back on track does not bode well for what should happen in … Continue reading

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Puerto Rico reports 78 killings in one of deadliest months

  https://www.yahoo.com/news/puerto-rico-reports-78-killings-one-deadliest-months-192005511.html Puerto Rico reports 78 killings in one of deadliest months DANICA COTO Associated Press•February 1, 2018 FILE – In this Jan. 11, 2018 file photo, a forensic worker lifts a body at a crime scene in San Juan, … Continue reading

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Far from NYC parade, Puerto Ricans to vote on island’s fate

http://nypost.com/2017/06/09/far-from-nyc-parade-puerto-ricans-to-vote-on-islands-fate Far from NYC parade, Puerto Ricans to vote on island’s fate By Danika Fears June 9, 2017 | 12:13am Thousands of Puerto Rican revelers clad in red, white and blue will hit the streets of New York City on Sunday … Continue reading

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Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island

https://www.nytimes.com/2017/05/06/us/puerto-rico-insolvency-business-owners-anxiety.html Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island By FRANCES ROBLES MAY 6, 2017 Workers at the Río Piedras terminal in San Juan, Puerto Rico, face waning business. Transportation businesses have been hurt by the economic crisis as … Continue reading

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Puerto Rico’s other crisis: impoverished pensions

http://www.reuters.com/investigates/special-report/usa-puertorico-pensions Uneasy Island Puerto Rico’s other crisis: impoverished pensions By Nick Brown Filed April 7, 2016, 3:10 p.m. GMT For years, the territory’s government piled on the benefits without paying for them. Now, it faces the prospect of stiffing retirees, … Continue reading

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