Log In

Reset Password

Pensioners to get increase in September

David Burt, the Premier and Minister of Finance, has said pension increases for seniors will begin in September and will be backdated to last August (File photograph by Akil Simmons)

Seniors will receive the 2.75 per cent pension increase promised by the Government on September 15, the Premier and Minister of Finance has said.

David Burt, who introduced legislation to increase the funds for seniors in July, said the payments would be backdated to August 16, 2021.

He made the announcement after several pensioners had said on social media that they had not received the increases this week.

Mr Burt said: “This pension increase keeps a promise we made to Bermuda’s seniors, and with the cost of living relief package recently introduced by the Government, we are providing the help needed by many in our community.”

A government spokesman added: “The proposed 2.75 per cent increase will raise the basic contributory pension from $1,077 to $1,106 per month and the maximum contributory pension from $1,564 to $1,607 per month.

“This increase will mean that seniors will receive between an extra $355 to $516 each year.

“As this increase will be backdated, to August 16, 2021, residents receiving social insurance benefits will receive an additional lump sum payment of up to $516 on top of their new increased monthly pension amount in September.”

You must be Registered or to post comment or to vote.

Published August 17, 2022 at 7:36 am (Updated August 17, 2022 at 7:36 am)

Pensioners to get increase in September

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