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Wednesday, March 29, 2023

Fiscal Supervision Board challenges labor reform before federal court

The Fiscal Oversight Board (JSF) tonight presented a legal appeal that asks the Federal Court to repeal Law 41-2022 Amendment to the Status of Labor Law, known as labor reform.

This week, the federal unit warned it would not give further warnings to the government about its refusal to set aside the new law. Faced with this picture, Governor Pedro Pierlusi had said that he would be willing to prosecute the position of his administration.

The board has established that the government has not provided data and analysis that justify that the new law would benefit Puerto Rico and create more jobs.

“An economic analysis conducted by the Oversight Board concluded that Law 41 would have a negative impact on the Puerto Rico labor market and its economy in general, leading to fewer jobs, more migration, less economic growth and lower tax revenues. Commonwealth. The law will make Puerto Rico less competitive in US and world markets,” indicates a statement from the federal entity in charge of the island’s finances that was issued minutes after the legal appeal was filed.

new day Efforts were made to get a response from the Governor, but so far nothing has happened.

The government argues that there can be no analysis of the recently enacted law. However, the government maintains that Law 41-2022 will boost the island’s economy and create more jobs.

“The Board has to understand that at this time there is no way to determine what effect the law that has just been enacted, that is, this exercise is purely speculative. If anything, the Board and any have not been able to demonstrate that, after labor reforms were carried out, employment increased, the economy improved as labor reforms were carried out. No one has been able to prove that,” said the board this week by the Financial Agency and Financial The governor said after an ultimatum was sent through a letter addressed to Omar Marrero, the executive director of the advisory authority.

Law 41 restores certain rights for workers who were terminated with Law 4 of 2017, as well as parameters to qualify for benefits such as Christmas bonuses and an extension of the probationary period.

Since it took office, the board has been able to challenge laws it considers infringing on certified financial plans, including legislation that governs critical planning and retirement of public employees, as well as so-called retirement laws. Exempts municipalities from their contributions. Worthy, which sought to revive the defined pension model in the government sector.

World Nation News Desk
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