Puerto Rico Board’s Proposed Pension Cuts Spark Anger
- Protests from streets to judiciary follow long-expected move
- Retirees who earn $1,200 a month would see a 8.5% pension cut
Demonstrators in San Juan on Sept. 30.
Photographer: Ramon "Tonito" Zayas/GFR Media/GDA via AP Photo
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When Puerto Rico Governor Wanda Vazquez announced late last month that she was acceding to requests from the commonwealth’s Congressionally mandated fiscal oversight board to slash some government-worker pensions by as much as 8.5%, the reaction was swift.