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The Senate passed a bill allowing Government employees to tap into their pensions early if they encounter financial hardships such as rent arrears or medical expenses from April 1 onwards. The move, first announced in the Throne Speech in 2011, follo...

Senators approved a bill allowing Government to withhold its contributions to the civil servants’ pension fund for one year. The measure will free up $31 million to be spent elsewhere during the next fiscal year. The Opposition One Bermuda Alliance t...

According to The Royal Gazette in July of this year, The National Pension Scheme (Financial Hardship) Amendment Regulations 2011 legislation was passed to allow people access to their private sector pension funds (up to 20% of the balance) under cond...

Moves to allow hard-up families to withdraw cash from their pension funds have won support from Bermuda Public Services Union. But BPSU president Kevin Grant, who has been demanding more help for families during the recession, urged Government to kee...

Moves to allow hard-up families to withdraw cash from their pension funds have won support from Bermuda Public Services Union. But BPSU president Kevin Grant, who has been demanding more help for families during the recession, urged Government to kee...

A Bill was this morning tabled in the House of Assembly allowing people to draw on their pensions if they are facing hardship. The National Pensions Scheme (Financial Hardship) Regulations 2011 was tabled by Premier Paula Cox who said: “You will reca...