Comments on: Video: Premier & AG Hold Press Conference

By: Joe Bloggs

Joe Bloggs — Wed, 19 Mar 2025 09:50:56 +0000

“Is this even a thing worth mentioning?”

Any publicity is better than no publicity

By: Joe Bloggs

Joe Bloggs — Wed, 19 Mar 2025 09:48:35 +0000

What “Others say otherwise” please?

By: Joe Bloggs

Joe Bloggs — Wed, 19 Mar 2025 09:47:44 +0000

Civil service pensions are calculated as a percentage of what the retiree’s final salary was, regardless of how much the retiree contributed to the Superannuation Fund. That is why the Government pension scheme has billions of dollars of unfunded pension liabilities and has had for decades.

Private sector pensions are based solely on contributions (a combination of contributions from the employee and the employer) and investment performance. Neither the final salary of the retiree nor the perceived needs of the retiree come into play.

To say that the private sector pension scheme is “just like Public sector” shows a fundamental misunderstanding how pensions work in Bermuda.

By: hmmm

hmmm — Tue, 18 Mar 2025 17:15:38 +0000

Is this even a thing worth mentioning? This is just aligning with moves happening in other jurisdications, it isn’t revolutionary and it wasn’t your idea , stop with the “fake soapbox ”

““To bring the treatment of juvenile offenders into alignment with international human rights standards and contemporary research on adolescent development, we will raise the minimum age of criminal responsibility from 8 to 14. Any modern justice system recognises that that the criminalisation of children, a relic of times gone by, must be abolished.”

By: watching

watching — Tue, 18 Mar 2025 15:58:50 +0000

Others say otherwise. Not talking about politicians either.
Why are you so convinced there will be no revenues from CIT? or is this more a wish so you can simply say “i told you so”?

By: hmmm

hmmm — Tue, 18 Mar 2025 15:03:19 +0000

Private sector pensions were paid out of own salary. These were payroll deductions just like Public sector.

To make the suggested change would in fact make Bermuda unfairer !!!!

By: Joe Bloggs

Joe Bloggs — Tue, 18 Mar 2025 14:24:05 +0000

“not one refers to reducing the cost of Government”

Correct.

“invest excess proceeds from CIT”

I will be amazed if there are ANY proceeds from CIT.

“Examining private sector books has to be refused”

I missed where that is said, but it is probably unlawful.

By: Mr. Apathy

Mr. Apathy — Tue, 18 Mar 2025 13:44:12 +0000

Burt is completely delusional if he thinks a sovereign wealth fund is something our government should go anywhere near given their abysmal track record with fiscal management and transparency. The only way that would ever work would be if it were managed by an independent, non-partisan third party subject to independent audits, performance reviews, along with checks and balances for how the government accesses any of those funds.

It’s also laughably delusional to suggest the government is capable of mitigating the consequences of US tariffs on the end consumer in Bermuda. Even if in an alternate reality where Bermuda was somehow able to circumvent trade tariffs that the entire world is subjected to. Do you really think OUR government would be the ones to facilitate meaningful cost reductions to the average Bermudian? I think not.

By: Ringmaster

Ringmaster — Tue, 18 Mar 2025 12:40:29 +0000

In all of these promises, not one refers to reducing the cost of Government which is a major drain on the economy. There is though talk of spending more. Note the Sovereign Wealth Fund will be established to invest excess proceeds from CIT. Excess after how much is spent/wasted? Public sector pensions must be brought in line with the private sector, defined benefits will be a huge expense as the public sector increases.
Examining private sector books has to be refused, unless the private sector have equal access to the public sector books. His comments on food costs show he is totally blind to realty. Food changes price day by day.
Hopefully there will be a full response from the Opposition to this nonsense.

By: Joe Bloggs

Joe Bloggs — Tue, 18 Mar 2025 12:11:34 +0000

“Building a Fairer, More Stable, and Affordable Bermuda”

Fairer for whom?

“the Government will implement the recommendations of the Tax Reform Commission so that the burden of taxation remains fair and balanced, particularly as new revenues from CIT are incorporated into Bermuda’s long-term financial planning.”

There is unlikely to be any “new revenues from CIT”. What is your alternative source of revenue?