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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...

Managing your cashflow has become critical since this Covid-19 crisis emerged. Most have lost or have reduced income. To meet this historic challenge, the Government of Bermuda has legislated emergency financial assistance for those unemployed after ...

“Frugal living means being conscious of your spending and focusing on a few financial priorities. A consumer who wants to live frugally should think about their main goals and how changing their finances can help them reach that goal.” — www.clevergi...

People who have felt the pinch as a result of the Covid-19 shutdown can take up to $12,000 from their private pension funds after the legislation was fast-tracked in the House of Assembly yesterday. Curtis Dickinson, the finance minister, said the Go...

More than 2,500 people out of work because of Covid-19 should have received their first emergency benefits payments by yesterday. Lovitta Foggo, the Minister of Labour, Community Affairs and Sport, said that the Accountant-General had paid out more t...

The Department of Social Insurance wishes to advise the public of the following: • Pension benefits automatically paid by direct bank deposit will still be made next week Wednesday, April 15th, 2020 as normal. • Pension cheques will...

A financial safety net for people left out of work due to Covid-19 was today backed by a charity for families. Martha Dismont, the executive director of Family Centre, said the unemployment scheme announced by Lovitta Foggo, the Minister of Labour, w...

A statistician and antiracism campaigner has been appointed as chairman of a group which will pave the way for a living wage in Bermuda. Cordell Riley will lead the wage commission, community minister Lovitta Foggo announced in the House yesterday. M...

Bermuda Chamber of Commerce has partnered with the CFA Society of Bermuda to present a “lunch and learn” session on changes to the island’s pension legislation. Peter Sousa, chief executive officer of the Bermuda Pension Commission, will discuss the ...

A retired Bermudian who complained after eight months without pension payments said she got her money yesterday only after she took her story to The Royal Gazette. However, another senior said he had the same problem with major arrears in his monthl...

A desperate senior couple living overseas have been left unable to enjoy their retirement after months of unpaid pensions. Nearing $9,000 out of pocket, Catherine and David Gregory, from Supply, North Carolina, will soon have gone eight months withou...