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House: Government to adopt pension ideas

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”