Comments on: Pension Increase To Come Into Effect In Sept

By: trufth

trufth — Wed, 17 Aug 2022 16:11:22 +0000

To be fair, they are getting a lightbulb too.

By: Bright & Early

Bright & Early — Wed, 17 Aug 2022 12:49:20 +0000

Wow would you believe when I turned 65 I was told that I would receive 75% only as that was my contribution. So my monthly earnings are not enough to live on. Thank goodness I have provided an income from my rental property that my parents so kindly left me from all their hard work through the years. I still struggle paying for House insurance and land tax on my rental property. Good luck seniors on your new wealth!

By: sandgrownan

sandgrownan — Wed, 17 Aug 2022 12:11:48 +0000

And they are, so pensioners are screwed.

By: Joe Bloggs

Joe Bloggs — Wed, 17 Aug 2022 12:00:43 +0000

“If inflation was 1.6% in 2021 and is 3% in 2022 …”

According to the Bermuda Department of Statistics, price inflation in Bermuda is 3.7%. See https://bernews.com/2022/08/may-2022-consumer-price-index-released/

Luckily for us, the reported rate of price inflation in Bermuda is less than one-half that reported in the United States, United Kingdom or Canada!

By: Joe Bloggs

Joe Bloggs — Wed, 17 Aug 2022 09:41:04 +0000

Backdated by 13 months, so a basic pensioner gets a bonus of $377 and a person on full pension gets a bonus of $559. More votes purchased.

I note that the new full pension will be $1607. Wouldn’t $1609 be more appropriate?

By: Question

Question — Wed, 17 Aug 2022 06:18:03 +0000

If inflation was 1.6% in 2021 and is 3% in 2022, then a 2.75% pension increase backdated for a year looks like pensioners are doing pretty well.
That is, unless the government inflation statistics are a load of bollocks.

By: Unknown800k

Unknown800k — Tue, 16 Aug 2022 22:48:03 +0000

Burtcoin knows something no one else does.

By: Ringmaster

Ringmaster — Tue, 16 Aug 2022 22:28:33 +0000

Proud? He doesn’t mention that in 2021 Future Care premiums were increased by 6%, or $30. Cancels out the pension increase so seniors are still left grappling with the large increases in food, electricity etc, and not at 2.5% inflation. Government takes away and gives back less. The Premier is not even honest enough to acknowledge that fact.

By: Double s

Double s — Tue, 16 Aug 2022 22:06:59 +0000

Woo hoo! A whole extra $29 a month. Too bad that doesn’t cover the recent Belco, insurance and grocery price increases.

The brilliance of burt i tell you.