February 28, 2018 / 12:11 AM / 6 months ago

Unions demand Puerto Rico account for employee retirement contributions

Public employee unions in Puerto Rico called for a court order on Tuesday to allow them to investigate if the island’s government has been bolstering its finances improperly with more than $100 million in retirement account contributions.

In Puerto Rico’s bankruptcy-like restructuring, the unions argued in court papers for a so-called Rule 2004 examination so they can trace the deductions from their members’ wages that were meant for individual retirement accounts.

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