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This statement must be submitted by no later than November 30 of the year to which the bonus corresponds. Furthermore, for contracts that began as of January 1, 2016, the minimum wage of said employees shall be determined annually by the U. Secretary of Labor, based on the parameters set forth in the executive order. 180 of July 27, 1998, establishes that every employer not covered by the FLSA has to pay a minimum wage to non-exempt employees of at least 70% of the applicable federal minimum wage. Wages can also be paid by electronic transfer of funds or by direct deposit in a bank account, including payments to a "payroll card" as defined by the statute, but only with the consent of the employees involved; however, although there is no case law on this matter, several Puerto Rico Department of Labor and Human Resources opinions suggest that these payment methods may be presented to new employees as a condition for employment.
The Department of Labor and Human Resources has the authority to conduct an investigation on the financial situation of any employer that requests an exemption. Under the recent federal law known as PROMESA, the Governor of Puerto Rico, subject to the approval of the Financial Oversight and Management Board established by the statute, set a subminimum wage of $4.25 an hour for employees who are initially employed after the date of enactment of the Act and who are younger than 25. The employer shall bear the costs of the electronic transfer or direct deposit, if any, and shall submit to the employee a receipt of the funds paid or deposited.
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