News concerning what's happening in Puerto Rico and abroad.
The State Insurance Fund will get $679 million in premiums for workers’ compensation this year, but most of it will go to pay the agency’s outrageous payroll, estimated at $80,730 per employee—including $48 million in additional benefits under a new collective-bargaining agreement. While insured workers who report an injury or illness get meager benefits and lousy service, hundreds of millions of dollars are diverted to other agencies or go to fatten SIF’s $1.57 billion investment portfolio.
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