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OBA will back allowing pension amendment

One Bermuda Alliance MPs will give cautious support today to a change in the law to allow people to tap into their pension funds to avoid being evicted from their homes for non-payment of rent.The amendment was tabled in the House of Assembly last week by Premier and Finance Minister Paula Cox and is intended for tenants seriously behind with rent.It follows regulations approved last year to allow those at risk of losing their property due to mortgage arrears to access their pensions and to let workers claim from their pensions for school fees and medical bills.Opposition Whip Shawn Crockwell told The Royal Gazette that the One Bermuda Alliance had concerns about people tapping into their pensions but appreciated the extreme hardships being suffered by some in the economic crisis.“It’s specifically for those likely to be evicted,” he said, adding that the party was compassionate and understood why the National Pension Scheme (Financial Hardship) Amendment Regulations 2011 were necessary.He said OBA MPs would support the legislation, along with the Contributory Pensions (Amendment of Contributions and Benefits) Order 2011. “They are really not that controversial,” he added.The latter piece of legislation, also to be debated in the House today, will give seniors a three percent pension increase from August, after a two-year freeze.Two motions tabled by Deputy Premier and Public Works Minister Derrick Burgess last month are expected to be dealt with today in Parliament.The first is for the House to “take note of the Parks Department Railway Training Programme, which was implemented to take on apprentices for training in the field of landscaping”.The other asks MPs to “take note of the Ministry of Public Works Summer Student Initiative, which is intended to increase opportunities for those who have been impacted by the downturn in our economy”.Mr Crockwell said his party would decide whether to take up a motion tabled by Shadow Finance Minister Bob Richards, depending on how long the other items on the order paper take.“We think this motion is of extreme importance,” he said. “We don’t want to be starting the debate at midnight.”Mr Richards’s motion is for the House to “take note of the lack of real plans to grow the economy and create jobs for Bermudians”.