Puerto Rico’s Retirees and Workers at Risk for Losing Pensions

Retirees and working members in Puerto Rico are in danger of losing 70% to 80% of their retirement benefits overnight because a vulture hedge fund wants to preserve its profits by slashing pensions. In Puerto Rico, the average retirement benefit is $12,700 per year and workers contribute 10% of their pay towards their pension.

Puerto Rico’s citizens have no voice in Congress. If Congress doesn’t act, a few select Wall Street interests will line their pockets while retirees’ are robbed of their hard-earned retirement.

For many Puerto Rican retirees, their pension is all that stands between them and poverty.  Congress must pass legislation to protect the pensions of Puerto Rico’s public employees and retirees in debt negotiations, or thousands more may be forced into poverty.

We urge you to take action on behalf of retirees and public employees in Puerto Rico. Please write your members of Congress and demand that their pensions be protected.  Tell Congress that retirees and workers in Puerto Rico must not be put at the back of the line behind hedge funds, Wall Street and other creditors.

Write to your senators and representatives and tell them to protect Puerto Rico’s retirees and public employees.