This article addresses Puerto Rico’s short-term non-occupatioanl disability benefits mandate, commonly known as SINOT, and describes the process that employers should follow for complying with it. [Click on the link…
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Which 2026 ACA Adjustments Apply to Healthcare Plans in Puerto Rico?
In Revenue Procedure 2025-25, the IRS announced the 2026 indexed adjustments to the required contribution percentage to be used for determining if an individual is eligible for affordable employer-sponsored minimum…
Operating Employee Stock Purchase Plans in Puerto Rico
This article describes the process that U.S. and international publicly traded companies doing business in Puerto Rico need to follow for offering their ESPPs to their Puerto Rico employees. Operating…
Puerto Rico Health and Welfare Plan Cybersecurity Evaluations
Puerto Rico benefits and compensation attorney Carlos Gonzalez shares his practical experience with, and recommendations on, the evaluation of the cybersecurity measures of insurance companies servicing healthcare and welfare benefit…
2025 Limits on Contributions to 401(k) Plans Qualified in Puerto Rico
On January 22, 2025, the Puerto Rico Treasury Department (commonly known by its Spanish name as “Hacienda”) issued Circular Letter of Internal Revenue No. 25-01 [https://hacienda.pr.gov/publicaciones/carta-circular-de-rentas-internas-num-25-01-cc-ri-25-01], establishing the annual contributions…
Matching Puerto Rico 401(k) Participants’ School Debt Repayments
This article answers the most common questions currently being asked by H.R. and employee benefits officials of U.S. companies with operations in Puerto Rico as to whether employer matching contributions…
Cybersecurity of Puerto Rico Retirement Plans
Puerto Rico benefits & compensation expert Carlos Gonzalez shares his practical experience with the evaluation of the cybersecurity measures of local financial institutions servicing retirement plans in operation in Puerto…
Puerto Rico Taxation of Severance Payments
Employers considering reductions in workforce in Puerto Rico should be aware that the rules on the taxation of severance pay in the United States and Puerto Rico are different. The…
Operating HSAs & HDHPs in Puerto Rico
With the IRS’ recent announcement of the 2025 limits on deductible contributions to health savings accounts (“HSAs”) and maximum deductible amounts and out-of-pocket expenses under high deductible health plans (“HDHPs”)…
Statute of Limitations for ERISA Benefits Lawsuits vs. Puerto Rico Plans
Retirement plans in operation in Puerto Rico can impose a statute of limitations for the filing of ERISA claims for benefits that is substantially shorter than the four-year period that…
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