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In his speech to the Progressive Labour Party and in his later curtailed statement to the House of Assembly last month, David Burt provided some details on the Government’s plans to allow holders of private pension funds to withdraw a portion of the ...

Legislation to require non-Bermudians be enrolled in a pension scheme was approved in the Senate on Wednesday. The National Pension Scheme (Operational Pensions) Amendment Act will also allow seniors to withdraw up to 25 per cent of their pension sav...

A Bill dealing with pension scheme payments was put on hold after a string of complaints from the One Bermuda Alliance at the House of Assembly. Wayne Furbert, the Minister for the Cabinet Office, agreed to “rise and report” on the National Pension S...

Reports of unpaid war veteran benefits are to be investigated, a Government representative said last night. The spokesman said that “the Ministry of Finance has undertaken a review of the claims”. He added that a statement on the matter would be re...

A war veteran’s family are owed $20,000 in unpaid benefits and are struggling to make ends meet, they said yesterday. Kerrie Aubrey, whose 86-year-old mother Maureen has spent the last month in hospital, said the family have been forced to pay intere...

Seniors are seeing a 1.4 per cent increase in their contributory pension benefits this month, backdated to August of last year. The increased payout, which is in line with inflation, would normally trigger a simultaneous increase in the mandatory con...

Seniors are expected to see an increase in their pensions after MPs backed a rise in payments. Legislators supported raising the amount by 1.4 per cent although Opposition members claimed the rate was “embarrassing”. Curtis Dickinson, the Minister of...

The average age of populations in most industrialised countries is increasing. Consequently, the topic of pensions is of increasing interest to more and more of the voting public. But for many governments, Bermuda’s included, the pension issue has be...

Cutting back on pension payments or asking workers to contribute more are among the “hard choices” that must be made to ensure funds are available for seniors in the future. Political commentators Denis Pitcher and Robert Stewart issued warnings over...

Vulnerable Bermudians will carry less of the burden of sustaining the pension system under a “more progressive system” to be introduced next year. David Burt, the Premier, said the Bermuda Government will begin to move away from a flat rate as part o...

The voluntary retirement age could be increased to 67 as the Bermuda Government grapples with its “underfunded” pensions plan. David Burt told MPs the assets of the Public Service Superannuation Fund was valued at $574.1 million in March 2017, compar...