On Thursday, July 14, the Saeima adopted the urgent amendments to the Law on State Pensions in the second - final reading, scheduling the state pensions to be indexed two months earlier than usual.
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The Puerto Rico House of Representatives has introduced House Bill 3, which seeks to amend and repeal certain sections of the Labor Transformation and Flexibility Act of 2017, also known as the 2017 Puerto Rico Labor Reform. The House held a Public Session for Final Consideration on April 27, 2021 where it sought input from various organizations on how the proposed House Bill 3 should be amended and how it should alter the 2017 Labor Reform.
WHAT IS THE 2017 PUERTO RICO LABOR REFORM?
The 2017 Labor Reform was passed with the goal of stimulating Puerto Rico’s economy through employer-friendly provisions intended to attract new business to Puerto Rico while also facilitating operations for existing enterprises. The Labor Reform made changes to the Unjust Dismissal Act (Law 80), overtime laws, meal break requirements, vacation accrual rates, and lactation break requirements, among other laws. House Bill 3 seeks to repeal