SAN JUAN, Puerto Rico (AP) Management employees at Puerto Rico’s disabled workers fund are warning that its $445 million investment in the financially-strapped Government Development Bank could be at risk if the bank is declared insolvent and pushed into receivership.
State Insurance Fund Management Employees Federation President Juan Osorio Flores said Saturday that payments to injured workers would be affected because a receiver would take possession of GDB assets and be responsible for paying its debts….
Read the full article at: http://www.dailymail.co.uk/wires/ap/article-3520853/Puerto-Rico-fiscal-crisis-impact-disabled-workers-fund.html
