| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers U > Headlines for University of Puerto Rico > News item |
University of Puerto Rico retirement trust seeks additional committee
By Caroline Salls
Pittsburgh, July 10 The University of Puerto Rico Retirement System Trust asked the U.S. Bankruptcy Court for the District of Puerto Rico to order appointment of an additional committee of government employees and active pension plan participants for the Commonwealth of Puerto Ricos Title III proceedings, according to a motion filed Monday.
As an alternative to appointing the additional committee, the trust asked the court to reconstitute a previously appointed official retiree committee.
According to the motion, none of the members of the official retiree committee are active trust participants.
At present, it is unclear at best whether the retiree committee purports to represent only the interests of retirees or also the interests of active government employees and pension plans participants, the motion said.
A hearing is scheduled for Aug. 9.
The Commonwealth of Puerto Rico announced its Title III petition filing on May 3. The case number is 17-03283.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.