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Census results have confirmed a wage gap based on race, a Cabinet member told MPs. Lovitta Foggo, the Minister of Government Reform, said that income differences had not levelled out and that legislation requiring equal pay for equal work had “limi...

There has been a lot of discussion recently about pensions. Trust me, there will be a lot more in the future. Most government pension systems are no more than a Ponzi scheme — a promise of money at a future time in exchange for payment today. You are...

The Bermuda Union of Teachers has voted to accept a 2.5 per cent pay rise. BUT president Shannon James said union members met this week and voted unanimously to accept the offer from Government. Mr James said: “For five years, our members have not h...

Bermuda’s seniors are due a pensions boost after Parliament approved a rate increase. The rise, which will come into force next month, was welcomed last night by Charles Jeffers, deputy chairman of Age Concern. Mr Jeffers said: “I’m sure every senior...

Bermudians are, by and large, an independent, canny and resourceful people. In many ways we have long embodied what Theodore Roosevelt meant when he said that “far and away the best prize that life has to offer is the chance to work hard at work wor...

Throughout the world, in states, cities and countries, a conversation continues to revolve around the social concept of a living wage or a definition of the minimum income necessary for a worker to meet their basic needs. This conversation has gathe...

Monthly pension payments this week will be paid early due to the threat from Hurricane Jose. Benefits paid via direct deposit will be available today, at HSBC at noon, and at BNTB at 9am. Pension cheques will be delivered by mail tomorrow. The Depar...

Dear Sir, I refer to the opinion piece by Robert Stewart published in your newspaper on Friday, April 28. The author expresses “incredulity and sadness that several community leaders would put their reputations behind such incredible ignorance of ba...

Panellists will discuss introducing a living wage for Bermuda at a public meeting on Thursday. Income inequality and the impact of low-cost foreign labour will also be on the agenda when the Parliamentary Joint Select Committee on the Living Wage mee...

Bermuda’s low-income workers are caught in “a reverse Robin Hood effect”, according to economist Craig Simmons — and the tax breaks in the latest Budget do not go far enough to pull them out. On the other hand, Keith Jensen, head of the Bermuda Emplo...

The Government is looking into occupational pensions to ensure the system remains “responsive”, but Charles Jeffers of Age Concern questioned “how in the world they are going to produce” with less people working in Bermuda to contribute funds. A dec...

Insurance firm Colonial is to hold a pensions seminar. The event is designed to help people plan so they have enough to live on when they give up work. Laurie Daniels, customer service manager at Colonial Pensions, said: “People have to ask themselve...