The Comptroller of Puerto Rico issues a favorable opinion of AEELA's fiscal operations related to the collections and disbursements, for which no findings are commented on in this Report.
The Association was created by Act 52 of 1921. The law currently governing AEELA's operations is Act 9 of 2013. The Association has, among other purposes, to encourage savings, establish insurance plans, and make loans. The financial statements from 2014 to 2016 reflect income of $531 million and expenses of $232 million, for an approximate balance of $299 million.
See Audit Report CP-17-08.
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