December 1, 2020

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Employers have until November 30 to request a bond payment exemption


Monday, November 30, 2020, is the last day for employers to submit by mail to the Department of Labor and Human Resources all the documents necessary for the exemption from payment of the bonus.

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SAN JUAN – The Secretary of the Department of Labor and Human Resources, Carlos Rivera Santiago, reminded all private employers on Monday that the deadline to submit the request for exemption from the payment of the bonus corresponding to the year 2020 is November 30.

“Every private employer who intends to partially pay or not pay this compensation for some of the reasons covered in Law 148 of June 30, 1969, as amended, known as the” Bond Law in Private Enterprise “, has the Obligation to notify the Department of Labor and Human Resources on or before the date indicated by law, ”explained Rivera Santiago in a written communication.

He added that Monday, November 30, 2020, is the last day for employers to submit by mail to the Department of Labor and Human Resources (DTRH) all the documents necessary for the exemption from payment of the bond.

“Employers interested in requesting the exemption of the bond for the year 2020 should make sure to send the required documents by mail in original on or before Monday, November 30, 2020. They must include the application delivery sheet that is available on our website, the state of affairs; of gains and losses, signed and stamped in original by an Authorized Public Accountant with the corresponding stamp, and other enumerated documents ”, he detailed.

At the same time, Rivera Santiago warned private employers that “if the relevant original documents are not received by post at the DTRH within the term and in the indicated form, or if the date on the postmark is after November 30 2020, your application will be denied. For the safety of our employees during the pandemic, the documents will not be received in person ”.

He recommended that employers use the certified mail service so that they have evidence that the documentation was received at the agency. Details of the documents to be submitted, the mailing address of the agency and additional information about the application are available on the DTRH website.

Law 148 of June 30, 1969, as amended, known as the “Private Company Bond Law”, establishes the responsibilities of the employer when it comes to complying with the payment of their employees entitled to this additional compensation. Payment of the bonus required by law is normally made between November 15 and December 15 of the current year. Every employer is obliged to comply with said payment, except for the exceptions provided by law.

For more information, access: www.trabajo.pr.gov/bono_empresa_privada.asp



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