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A lifeline for seniors struggling with basic expenses against a backdrop of soaring inflation is now part of an appeal for the community’s help. The charity Age Concern Bermuda, fighting to get ahead of Bermuda’s cost of living for its financing hard...

Changes to the social insurance system will see people on $18 an hour get an extra $720 a year, David Burt said yesterday. Bermuda is an “outlier” when it comes to the safety net system and contributions need to be transformed into a sliding-scale m...

Social insurance payments will be made according to a sliding scale based on what a person earns, according to yesterday’s Throne Speech. No details of how the changes would impact individual contributors were stated, and the One Bermuda Alliance sai...

Seniors will receive the 2.75 per cent pension increase promised by the Government on September 15, the Premier and Minister of Finance has said. David Burt, who introduced legislation to increase the funds for seniors in July, said the payments wou...

Seniors will receive a 2.75 per cent increase in their contributory pension payments under an order passed in the Senate yesterday. The Contributory Pensions (Amendment of Benefits) Order 2022 was debated and approved with no objections. However...

The Leader of the Opposition challenged the Premier’s assertion that pension increases being introduced by the Government for seniors fully covered inflation. Cole Simons said he believed that inflation in Bermuda was 8 to 10 per cent and that the 2....

There is a consensus that the vulnerable in society should be cared for. This is true for children, people with disabilities and the elderly. That principle is the reason why Bermuda has a basic pension, funded through the Contributory Pension Fund,...

A wealth tax is needed to help-out hard-pressed seniors, the charity Age Concern Bermuda has said. As the cost of living crisis continues with price hikes in basic commodities such as food and energy, Claudette Fleming, the executive director of the ...

Pensions payments to seniors are set for a 2.75 per cent boost, with the increase back dated nearly one year, MPs heard yesterday. David Burt, the Premier and finance minister, told the House of Assembly the rise “fully covers the overall rate of inf...

Pastors in Bermuda are monitoring lawsuits filed in the United States that allege tens of millions of pension fund dollars were mismanaged or missing, a senior clergyman said. The allegations were made against the African Methodist Episcopal Church a...

People enduring financial hardship because of the coronavirus pandemic will have another chance to dip into their pensions

Dear Sir, The late, great Larry Burchall wrote about many things in his Bermuda Sun opinion pieces. His voice was a powerful one over 15 or so years and, sadly, many of his grave economic predictions have come to pass. Here is one that concerns every...