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Puerto Rican Teachers Plan Strike in Response to Pension Reform

Puerto Rican teachers' unions are preparing to go on strike to protest the reform of their retirement system signed by Gov. Alejandro García Padilla.

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Comments (3)
Today there is a huge line at the retirement office for the teacher's. This so called reform since it is lacking the basics of HOW? Meaning how they are going to stimulate theTRS or fundings.Now all the teachers that qualified will retire and the government will have to hired new ones resulting in a double liability to the general fund. Its estimated around 4,000 +will retired.
Posted by Gilbert R | Monday, December 30 2013 at 12:07PM ET
The truth is that the government threaten the teachers publicly who goes on strike.2nd Sen.Bahtia on his campaign slogan was saying "Talk people talk" however when they spoke they didn't listen. 3rd No one knows how the legislation approved will impact in reality the TRS since there its no economic plan layout on the same at short.medium and long term. They just approved it simply because they needed to obtain access to the market again despite the terrible 8% at maturity date. The government refused to make spending cuts the 800 millions they claim to be in need is the same budget increase they raised this year in order to spend more.
Posted by Gilbert R | Friday, December 27 2013 at 8:34AM ET
The truth is that the government threaten the teachers publicly who goes on strike.2nd Sen.Bahtia on his campaign slogan was saying "Talk people talk" however when they spoke they didn't listen. 3rd No one knows how the legislation approved will impact in reality the TRS since there its no economic plan layout on the same at short.medium and long term. They just approved it simply because they needed to obtain access to the market again despite the terrible 8% at maturity date. The government refused to make spending cuts the 800 millions they claim to be in need is the same budget increase they raised this year in order to spend more.
Posted by Gilbert R | Friday, December 27 2013 at 8:34AM ET
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