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Code · BILL · 117th Congress · S. 4560 (Introduced in Senate) — To enable the people of the Commonwealth of Puerto Rico to determine the political status of the Commonwealth of Puer... · Sec. 212

Sec. 212. Individual rights to economic benefits and grants

550 words·~3 min read·/bill/117/s/4560/is/section-212

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Any vested rights and benefits that accrue to residents of the Commonwealth of Puerto Rico under the laws of the United States from past services or contributions, such as rights and benefits for veterans of the Armed Forces or eligible relatives of veterans of the Armed Forces, retired Federal Government employees, or beneficiaries of old age, disability, or survivor benefits under the Social Security Act ( 42 U.S.C. 301 et seq. ), shall not be interrupted after the date of issuance of the Proclamation, but shall continue until the date on which the rights and benefits are extinguished according to applicable Federal law.
All services to be provided as part of the rights and benefits described in paragraph
(1)shall be made available through the government of the nation of Puerto Rico in accordance with agreements entered into by the government of the nation of Puerto Rico and the Government of the United States. Notwithstanding subsection
(a)and subject to paragraph (2), the Secretary of the Treasury shall transfer all contributions made by employees and employers in the Commonwealth of Puerto Rico to the Social Security system under the Social Security Act ( 42 U.S.C. 301 et seq. ) with respect to individuals who, as of the date of issuance of the Proclamation, are residents of the nation of Puerto Rico and are not yet eligible for old age, disability, or survivor benefits under the Social Security system to the government of the nation of Puerto Rico on the date on which the government of the nation of Puerto Rico establishes a social security system for the nation of Puerto Rico. The government of the nation of Puerto Rico may not use the amounts transferred under paragraph
(1)for any purpose other than the establishment and operation of a social security system for the nation of Puerto Rico. On the transfer of the amounts under paragraph (1), the obligations of the Federal Government under the Social Security Act ( 42 U.S.C. 301 et seq. ) with respect to the residents of the nation of Puerto Rico shall cease. Any Federal transfer payments to individuals and to the Commonwealth government not described in subsection
(a)or
(b)shall be maintained in the form of annual block grants to be used by the government of the nation of Puerto Rico at the discretion of the government of the nation of Puerto Rico. During the 10-fiscal-year period beginning on the date of issuance of the Proclamation, the amount of an annual block grant described in paragraph
(1)shall be equal to the greater of— the annual aggregate funding of all programs described in that paragraph that extend to the Commonwealth of Puerto Rico during the applicable fiscal year; and the annual aggregate funding of all programs described in that paragraph that were extended to the Commonwealth of Puerto Rico during the fiscal year immediately prior to the date of issuance of the Proclamation. Beginning in the 11th fiscal year after the date of issuance of the Proclamation, the amount of the annual block grants described in paragraph (1), as calculated under paragraph (2), shall decrease at the rate of 10 percent each year. The terms of this subsection may be modified by agreement between the United States and the nation of Puerto Rico.
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Sec. 212
Individual rights to economic benefits and grants
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