Governor Wanda Vázquez Garced asked yesterday Judge Laura Taylor Swain to reject the Oversight Board’s request to schedule a disclosure statement hearing to discuss the recent agreement with certain constitutional bondholders, arguing that the process will be a waste of time and money because her administration and the Legislature do not support the agreement.

According to the Vázquez Garced administration, the current terms are not in the best interests of the people of Puerto Rico and improves conditions for bondholders without bringing relief to pensioners. On that side of the equation, the Board maintains the agreement with the Official Retirees Committee (COR) to cut public pensions over $1,200 monthly.