Latam & Carribean , Legislation , News By Region
January 13, 2024

Puerto Rico Senate Advances Law for Police Pension Fund via Gaming Machines

Revolutionizing Police Pensions with Gaming Machines The Puerto Rico Senate has taken a significant step towards financial security for retired police officers by approving the amended House Bill 1593. This landmark bill proposes a pioneering approach to pension funding, utilizing revenue from gambling machines. Ensuring a Sustainable Future for Retirees Initiated by Representative José Rivera […]

Business , Latam & Carribean , Legal
June 26, 2023

Puerto Rico Senate Passes Amendments to Gaming Machine Law

Project 1593, aimed at amending the “Gaming Machines Law” to ensure retired Puerto Rico Police officers receive a minimum of 50 percent of their pensions, has been officially endorsed by the Senate. This measure had previously obtained approval from the House of Representatives in March. On January 12, Representative José Rivera Madera introduced a legislative […]