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State Articles > Puerto Rico > puerto rico employment law

Total Articles: 2

New Puerto Rico Treasury Department Guidance on Issuance of Favorable Determination Letters for Qualified Plans

Littler Mendelson, P.C. • January 04, 2012
The Puerto Rico Treasury Department (“PR Treasury”) recently issued guidance on procedures for obtaining new favorable determination letters with respect to retirement plans intended to be qualified under the Puerto Rico Internal Revenue Code of 2011 (the 2011 PR Code). The new guidance, which is effective January 1, 2012, is included in PR Treasury Circular Letter 11-10 (pdf) (the “Circular Letter”).

U.S. Department of Labor and Puerto Rico Department of Labor Enter into Partnership Agreement

Jackson Lewis LLP • October 20, 2010
The United States Department of Labors Wage and Hour Division and the Puerto Rico Department of Labor and Human Resources, Labor Standards Division, have entered into a partnership agreement aimed at ensuring compliance by employers in Puerto Rico with both federal and commonwealth labor laws that apply on the Caribbean island.
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