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House retirement panel hears bill to preserve purchasing power of Puerto Rico public pensions
Summary
The House of Representatives Commission on Retirement Systems on April 1 held a public hearing on House Bill 45, a proposal to raise and index public-sector pensions to preserve retireespurchasing power, with retiree groups and lawmakers pressing for specific funding plans and updated fiscal estimates.
SAN JUAN — The House of RepresentativesCommission on Retirement Systems on April 1, 2025, held a public hearing on House Bill 45, a measure that would increase retired public employeespensions by a formula (a first-year increase of 7% to 10% was discussed) and link future adjustments to the U.S. Social Security cost-of-living adjustment (COLA). Representative Lourdes Ramos, president of the commission, convened the session and said she has begun meetings with the governor and members of the oversight board to seek support.
Representatives from retirees' organizations told the commission that pensions have lost purchasing power and described the bill as a way to restore that value. "El proyecto impone establece aumentar entre un diez a siete por ciento de la anualidad de cada pensionado y establecer un aumento de la pensión equivalente al cola del seguro social de Estados…
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