SAN JUAN: Management employees at Puerto Rico’s disabled workers fund warned on Saturday that its $445 million investment in the financially-strapped Government Development Bank would be at risk

if the bank is declared insolvent and pushed into receivership. State Insurance Fund (SIF) Management Employees Federation President Juan Osorio Flores called on its board of directors to safeguard funding to pay injured workers. He said these payments would be affected because a receiver would take possession of bank’s assets and be responsible for establishing priorities over which debts to pay. The SIF bought short- and medium-term notes that provided cash for the government to operate.