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The unions say Act 53 bars the changes to the pensions that the Oversight Board say are necessary for the Plan of Adjustment.
November 12 -
President Biden had pledged to end the law that excludes residents of Puerto Rico from the federal supplemental security income program.
November 9 -
While certain parties are making deals with the Oversight Board on the Plan of Adjustment, holdouts remain.
November 9 -
While this hurdle has apparently been cleared, the road to approval for the Plan of Adjustment remains bumpy.
November 5 -
The board's 8th debt restructuring plan improves funding for a pension trust as well as eliminating cuts to benefits for current retirees, just ahead of the confirmation hearing that begins Monday.
November 5 -
While the economy is stronger than a year ago, it is still down from two years ago.
November 3 -
Puerto Rico bankruptcy judge approved the board’s plan to notify parties of pension limitations, a key to allowing the Plan of Adjustment to move forward.
November 3 -
The board wants the bankruptcy judge to say recently passed law, which prohibits cuts to pensions, does not bar the board's plan for two major pension changes.
November 1 -
The various increased federal support proposals included in the Build Back Better package could help the island's economy, which has generally been contracting for the last 15 years.
October 29 -
The legislation Gov. Pedro Pierluisi signed late Tuesday is sufficient to issue new bonds, the board said, which was integral to getting the island out of its $33 billion bankruptcy.
October 28