The pension fund set up for Bermuda’s legislators is worth well over $8 million.According to the latest audited financial statement of the Ministers and Members of the Legislature Pensions Fund, a total of $8,528,514 was available for benefits payable by the Fund on March 31, 2009.Assets increased by $1,449,348 during fiscal 2009 — $446,060 of that increase came from members’ contributions, a matching amount was contributed by Government and the fund earned $557,228 in interest.Assets decreased by about $690,000, the largest share of that being $490,000 paid out in benefits. But the year started with net assets of $7.7 million.The Fund receives 25 percent of salaries paid to parliamentarians, senators and staff of the legislature, split equally between the Government and the contributors.Pensions are paid to contributors from age 60 if they have served at least eight years or at age 55 if they have served for 20 years or more.The pensions fund financial statements were tabled in the House of Assembly on Friday.