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Legislation has been tabled to let the finance minister move the temporary suspension of payments by Government workers into their pension fund. The amendments, tabled on Friday, would give the Minister the power to retroactively shift the 12-month p...

A group set up to make recommendations on minimum and living wages is expected to take into account workers who earn tips, the labour minister has said. Jason Hayward added that no employment sector will be left out of the commission’s deliberation. ...

Major immigration changes are needed to stop the island from “falling off the fiscal cliff”, the Labour and Immigration Minister said today. Jason Hayward warned that the island had to use immigration to create economic growth in the face of an agei...

A decision to ask Supreme Court judges to take a pay cut struck at the heart of a vital democratic principle, a lawyer has claimed. Victoria Greening, of Resolution Chambers, said that the Bermuda Constitution Order 1968 ruled that some roles — inclu...

The Premier has appealed to the Governor to ask court officials to accept a 10 per cent salary cut “in the spirit of shared sacrifice”. Mr Burt confirmed that court staff had threatened industrial action over the proposed reductions. He said at Thurs...

Like many small businesses, my company took a massive financial hit after the outbreak of Covid-19. Gravity Payments is a credit card processor that primarily serves small and mid-sized businesses. Our cashflow depends on how many credit card transac...

Following up on our article of last week, relative to the Bermuda Government Contributory Pension Fund, we share additional feedback from readers and others. A reader asked: “If I don’t qualify for Government social insurance, I understand that my co...

MPs approved amendments removing the requirement of people to be retired in order to apply for pension refunds. The National Pension Scheme (Occupational Pensions) Amendment No 2 was passed with no objection. The amendments allow members and former ...

By now, many are aware that the Government has passed legislation amending the National Pension Scheme, granting one-time access to your pension plan up to $12,000. For some, this is much needed relief. For others, this is cause for consideration. A...

Much anticipated changes to employment law will be tabled on Friday in the House of Assembly as a lifeline to businesses left reeling by the Covid-19 pandemic. The reprieve on redundancy payouts was announced last night by Jason Hayward, in his first...

Hundreds of laid-off hotel workers have applied to take money from their pension fund — only to find that they are ineligible for a $12,000 withdrawal option under emergency relief rules. The island’s hotel workers number more than 2,000 and most of ...

Payouts to more than 9,000 people left out of work by the Covid-19 pandemic have topped $32 million, the finance minister said last night. Curtis Dickinson added that $9.2 million in unemployment benefits had been paid out to 7,780 people this week a...