House: Government to adopt pension ideas

  • Curtis Dickinson, the Minister of Finance (File photograph)

    Curtis Dickinson, the Minister of Finance (File photograph)

Non-Bermudian workers will be required to enrol in pension schemes under new rules put in place by the Government.

Finance minister Curtis Dickinson told the House of Assembly that the Government would adopt a string of recommendations put forward by the Pension Commission.

Mr Dickinson said non-Bermudians should be required to be enrolled in a registered pension plan, with exemptions for short-term work permit holders, who would only be required to be enrolled when their work permits are renewed.

Rates would be phased in for non-Bermudians until it reaches current contribution rates.

The Commission said the current excemption is contrary to the Human Rights Act and benefits employees who hire non-Bermudians.

Mr Dickinson said: “The ministry is generally in support of the Commission’s comments and recommendations and proposes to amend the Act to give effect to these proposals.”

To read Curtis Dickinson’s statement in full, click on the PDF under “Related Media”

You must be registered or signed-in to post comment or to vote.

Published Jul 26, 2019 at 11:00 am (Updated Jul 26, 2019 at 11:51 am)

House: Government to adopt pension ideas

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries

    eMoo Posts