Puerto Rico Utility Wants To Drop Union Contracts, Pension

[Gunnar Larson]

Puerto Rico Utility Wants To Drop Union Contracts, Pension
<https://www.law360.com/governmentcontracts/articles/1782254?nl_pk=4126fe73-80ab-4e63-b526-ca8152f5c881&utm_source=newsletter&utm_medium=email&utm_campaign=governmentcontracts&utm_content=2024-01-05&read_main=1&nlsidx=0&nlaidx=9>

By Emily Lever

The board overseeing Puerto Rico Electric Power Authority's reorganization
is urging a federal judge to allow the utility to ditch its collective
bargaining agreements with workers as well as pension obligations, saying
the company has no way of making up the purported $1 billion payment
shortfall in the current retirement plan.

 Motion attached | Read full article »
<https://www.law360.com/governmentcontracts/articles/1782254?nl_pk=4126fe73-80ab-4e63-b526-ca8152f5c881&utm_source=newsletter&utm_medium=email&utm_campaign=governmentcontracts&utm_content=2024-01-05&read_more=1&nlsidx=0&nlaidx=9>
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