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Employee Benefits Blog Insights on Employee Benefits and Executive Compensation

Puerto Rico Retirement Plans: Issues Employers Should Think About in 2012

Posted in Retirement Plans

by Nancy S. Gerrie, Jeffrey M. Holdvogt and Brian J. Tiemann

Puerto Rico and U.S. laws affecting retirement plans have changed extensively in the last few years.  Puerto Rico adopted a new tax code in 2011, and both the U.S. and Puerto Rico Treasury Departments issued a number of rulings that have a significant impact on employers that sponsor retirement plans benefiting Puerto Rico employees.  Action is required on many of these changes by the end of 2012 or early 2013.

Read the full article here.