Tag Archives: retirement

FOMB: Incentivised-retirement bill is inconsistent with fiscal plan

Puerto Rico has way too many government workers relative to the size of the overall population in PR.  The difficult decision must be made to rightsize and reduce the employment levels. FOMB: Incentivised-retirement bill is inconsistent with fiscal plan FOMB: … Continue reading

Posted in Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico politics and government | Tagged , , , , , , , , , , , , | Leave a comment

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

Posted in economic crisis, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in culture and cycle of dependency, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Puerto Rico Church Strips Teachers of Pension Amid Crisis

What could happen when your government overspends, is in debt?  Pensions cut to ZERO.  With the USA Federal Government debt approaching $20 trillion and the excessive benefits paid out, the current system is unsustainable.   It’s already happening in Puerto Rico.  … Continue reading

Posted in economic crisis, Puerto Rico economic crisis | Tagged , , , , , , , , , | Leave a comment