1st Circumscription Approves Puerto Rico Teachers’ Pension Changes

By Chris Villani (April 26, 2022, 4:37 p.m. EDT) — The First Circuit on Tuesday confirmed an overhaul of teachers’ pensions in Puerto Rico, finding that Congress has given the Commonwealth Restructuring Board wide latitude to determine the best ways to set the island on a healthier fiscal path.

Addressing “several first impression issues,” U.S. Circuit Judge William J. Kayatta Jr. acknowledged that educators can feel the effects of a less supportive pension plan than they were originally promised.

But the appeals panel upheld a ruling by U.S. District Judge Laura Swain, who approved Puerto Rico’s Financial Supervisory and Management Board’s restructuring plan, accepting…

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