by Nancy S. Gerrie, Jeffrey M. Holdvogt and Brian J. Tiemann

Puerto Rico and U.S. laws affecting retirement plans have changed extensively in the last few years.  Puerto Rico adopted a new tax code in 2011, and both the U.S. and Puerto Rico Treasury Departments issued a number of rulings that have a significant impact on employers that sponsor retirement plans benefiting Puerto Rico employees.  Action is required on many of these changes by the end of 2012 or early 2013.

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