NATIONAL GUARD INSTITUTIONAL TRUST.

LEGAL AUTHORITY

Act No. 23 of July 23, 1991 as amended, known as the Institutional Trust for the Puerto Rico National Guard Act. This organism is created as a public corporation and as an instrumentality of the Commonwealth, under the Puerto Rico National Guard which constitutes an independent corporate body which will be known as the Puerto Rico National Guard.

MISSION

Offer special benefits to the members of the National Guard and their dependents to improve their quality of life.

VISION

Become a dynamic, efficient and trustworthy corporation that contributes to keeping high the "esprit de corps" of the members of the Puerto Rico National Guard.

ORGANIZATIONAL STRUCTURE

The National Guard Institutional Trust is composed of the following organizational units:

  • Office of the Executive Director

GEOGRAPHIC LOCATION

The National Guard Institutional Trust is located in the Puerta de Tierra area of San Juan. It also has leases and concessions in the following municipalities: Aguadilla, Arecibo, Carolina, Cayey, Ceiba, Gurabo, Juana Daz (Fuerte Allen), Mayagez, San Germn, San Juan and Vega Baja.

PROGRAMMATIC STRUCTURE

POSITIONS FILLED

Authorized and Proposed Positions 2009 2010 2011 2012
Sept./08 Sept./09 Sept./10 Feb./11 Proj.

 

Total amount of positions 4 4 4 3 3

Data comes from the Agency's Certified Headcount Reports. Figures for Fiscal Year 2011-2012 were estimated during the budget formulation process.



PROGRAMS

ANNUITIES, LIFE INSURANCE, FUNERAL INSURANCE AND EDUCATIONAL BENEFITS

Program Description

Offers financial assistance to National Guard retirees between the ages of 55 and 60 with 20 years of honorable service, to cover the loss of income during the period prior to receiving a pension. Provides orientation and counseling to active and retired members who qualify for life and/or funeral insurance. Keeps files with members' information so that relatives or beneficiaries have no difficulty at the moment of filing a claim. Provides assistance to active members, spouses and their descendants for educational expenses. Educational expenses include college degrees and post-secondary education in duly accredited institutions. In order to receive educational benefits active members must comply with the requirement of a monthly contribution of $5.00, as stated in the law applicable to this Trust.

Objectives

  • Covers claims for annuities benefits and offer services in an efficient manner to qualified retired members of the National Guard.
  • Responds to claims on the life and funeral insurance policies, to beneficiaries of National Guard members

Statistical Data 2010 2011 2012

 

Annuities 1,017 1,108 945
Education benefits for reservists and dependants 1,845 3,002 1,467
Insurance 7 11 11

The statistical data was provided by the Agency during the Fiscal Year 2011-2012 budget formulation process.


Customers

Active and retired members of the National Guard and their families.

Human Resources

Authorized and Proposed Positions 2009 2010 2011 2012

Managerial,Technical, Administrative, and Office Staff 1 1 1 1
Total, Positions 1 1 1 1

GENERAL MANAGEMENT AND ADMINISTRATION

Program Description

Directs, supervises and offers support to the operating programs of the Trust. Also, establishes and develops standards and procedures for the healthy administration of the services offered.

Customers

All components of the Trust.

Human Resources

Authorized and Proposed Positions 2009 2010 2011 2012

Managerial,Technical, Administrative, and Office Staff 2 2 2 2
Maintenance and General Services Staff 1 1 1 0
Total, Positions 3 3 3 2

FISCAL YEAR 2011-2012 ADOPTED BUDGET

The adopted consolidated budget for fiscal year 2011-2012 totals $6,926,000 from Revenues from Internal Sources.

Revenues from Internal Sources is generated through the annual sales of the concessions. The Concessions are spaces within the Puerto Rico National Guard premises (PRNG), which are established to operate military stores, canteens and other similar services. Also, 76% of the budget is assigned to the Annuities Benefits Program, Life Insurance, Funeral Insurance and Education in the Donations, Subsidies and Distribution section. This income is used mainly to cover services for the national guardsmen, their spouses and dependents, but it is also used to cover operating expenses and the cost of maintaining the installations.

SUMMARY OF AVAILABLE RESOURCES

Consolidated Budget  (thousands $) 2009 2010 2011 2012

 

Program  
Operational Expenses Actual Actual Budget Adopted
Annuities, Life Insurance, Funeral Insurance, and Educational Benefits 12,517 5,465 4,543 4,543
General Management and Administration 2,208 3,273 2,386 2,383
Subtotal, Operational Expenses 14,725 8,738 6,929 6,926
Total, Program 14,725 8,738 6,929 6,926
 
Funding Sources  
Operational Expenses  
Federal Grants 1,527 642 0 0
Revenues from Internal Sources 13,198 8,096 6,929 6,926
Subtotal, Operational Expenses 14,725 8,738 6,929 6,926
Total, Funding Sources 14,725 8,738 6,929 6,926
 
Expense Category  
Operational Expenses  
Payroll and Related Expenses 238 237 238 238
Rent and Utilities 750 653 474 474
Purchased Services 10 6 10 10
Donations, Subsidies, and Distributions 9,667 4,823 4,543 4,543
Professional Services 2,619 1,846 1,229 1,226
Other Expenses 1,342 1,135 385 385
Equipment Purchases 70 9 30 30
Office Supplies and other Materials 29 29 20 20
Subtotal, Operational Expenses 14,725 8,738 6,929 6,926
Total, Expense Category 14,725 8,738 6,929 6,926

SUMMARY OF RESOURCES BY PROGRAM

Annuities, Life Insurance, Funeral Insurance, and Educational Benefits

Budget (thousands $) 2009 2010 2011 2012

 

Funding Sources  
Operational Expenses  
Federal Grants 1,527 642 0 0
Revenues from Internal Sources 10,990 4,823 4,543 4,543
Subtotal, Operational Expenses 12,517 5,465 4,543 4,543
Total, Funding Sources 12,517 5,465 4,543 4,543
 
Expense Category  
Operational Expenses  
Payroll and Related Expenses 41 0 0 0
Donations, Subsidies, and Distributions 9,667 4,823 4,543 4,543
Professional Services 1,527 642 0 0
Other Expenses 1,282 0 0 0
Subtotal, Operational Expenses 12,517 5,465 4,543 4,543
Total, Expense Category 12,517 5,465 4,543 4,543
 

General Management and Administration

Budget (thousands $) 2009 2010 2011 2012

 

Funding Sources  
Operational Expenses  
Revenues from Internal Sources 2,208 3,273 2,386 2,383
Subtotal, Operational Expenses 2,208 3,273 2,386 2,383
Total, Funding Sources 2,208 3,273 2,386 2,383
 
Expense Category  
Operational Expenses  
Payroll and Related Expenses 197 237 238 238
Rent and Utilities 750 653 474 474
Purchased Services 10 6 10 10
Professional Services 1,092 1,204 1,229 1,226
Other Expenses 60 1,135 385 385
Equipment Purchases 70 9 30 30
Office Supplies and other Materials 29 29 20 20
Subtotal, Operational Expenses 2,208 3,273 2,386 2,383
Total, Expense Category 2,208 3,273 2,386 2,383