Puerto Rico retirement system (including teachers) may crash by April 2017

OMG! Unprecedented,unheard of! My heart breaks! There’s no recovery for my Island … ransacking/stealing/greed! 💔


A bombshell report from the government of Puerto Rico has revealed that, by April 2017, the island will be worse than bankrupt – it will have a deficit of $68 billion, a “debt” of $72 billion, and a complete inability to meet its pension payments.

This means that 180,000 retired teachers, and every other government retiree, might no longer receive any pension payments…

The 300-page report was submitted to the Financial Control Board (FCB) and was immediately reported in the island’s press.

The report also states that all retiree medical plans may be suspended, and for the same reason…the absolute lack of funds.

Governor-elect Ricky Roselló announced that he will “protect the public pension system” by installing “public private partnerships” (P3s) throughout his government, that will spin off some immediate funds. 

This “P3” expedient is precisely the one which the Financial Control Board has been pushing

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About Dr. Rex

I'm originally from Puerto Rico. I was born in Santurce and raised in Rio Piedras. Have lived in Florida since 1999. I have a doctorate degree in Medicine; completed in 1976. My Internal Medicine specialty was completed in 1979. Worked for Puerto Rico's health system until 1985. At this time, I'm happily retired after working for the federal government for almost 28yrs. I want to offer any knowledge that I have to anyone "out there" who is interested. My views are liberal in almost every sense. My knowledge is "eclectic" - a bit of everything. Music and reading are my passion. Blogging has also become a very interesting endeavor. Metaphysical topics attract me. I'm interested in news reporting human issues like injustice, discrimination and abuse - the "wrongly" affected. My intention is to bring this knowledge to an understandable level and to help anyone in need. I'm open to questions and will answer them to the best of my ability. Currently working on an enterprise whose main mission will be to bring peoples of all walks of life together. To be one .... since we ALL are ONE!! The future looks bright and promising!!!

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