Puerto Rico’s Retirement-Plan Woes Persist as Bankruptcy Nears End

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Puerto Rico’s Retirement-Plan Woes Persist as Bankruptcy Nears End
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Puerto Rico's public-school teachers are bracing for cuts to their future retirement benefits as part of the U.S. territory’s financial restructuring

Puerto Rico’s long history of failing to pay its pension obligations is expected to haunt the U.S. territory even after its bankruptcy ends.

covering tens of thousands of active teachers and judges in Puerto Rico. The pension benefits public employees have already earned would be honored when they retire, although current workers can’t accrue anything more.

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