Government: Pension Benefits Increased By 1.2%

News Release: Hamilton, Bermuda – The Department of Social Insurance advised the public that “benefits have increased by 1.2% effective August 16th 2019.

A Government spokesperson said: “Therefore benefits to be paid on Friday, March 13th 2020 will represent the new monthly amount plus the retroactive payment for the period August 16th, 2019 to February 15th, 2020. The benefit amount to be paid on April 15th 2020 will be the new monthly amount for all beneficiaries.

“For persons soon to be of pension age and provided that the Department has the correct contact details, you will receive in the mail an invitation to apply for a pension benefit two months before your 65th birthday.

“Should you have any questions, please contact the Department:Telephone: 441-292-9242; Email: SIBenefits@gov.bm; In-person: Ground Floor Government Administration Building, Parliament Street, Hamilton.”