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Senate Session 2023/2024 10 speeches

September 25, 2024

Official Hansard Report - Senate

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Session Summary

Simplified for You

The Senate approved a 2.4% increase in pensions for about 14,700 seniors, raising the basic pension from $1,152 to $1,179 per month. They also passed a bill to reduce fuel duty for BELCO by $10 million through March 2025 to help offset recent electricity rate increases of about 8-9%. The government presented a plan to raise minimum wage every two years based on inflation, capped at 2.5% per year. Senators raised concerns about the pension fund's long-term sustainability and pressed for more details on promised pension reforms.

Chamber Senate
Date Sep 25, 2024
Session 2023/2024
Transcript View PDF
Speakers 3
Speeches 10

Key Topics

Pension increases of 2.4% for seniors and retirees effective August 2024Reduction in fuel duty for BELCO to help lower electricity billsPlans to increase minimum wage based on inflation every two yearsOlympic and Paralympic recap highlighting Bermuda athletes' performancesQuestions about pension fund sustainability and reform timeline

Bills & Motions

Contributory Pensions (Amendment of Benefits) Order 2024 - Passed (2.4% pension increase)
Customs Tariff Amendment Act 2024 - Passed second reading (reduces BELCO fuel duty)
Water Resources Amendment Act 2024 - Given first reading
Position Paper on Progressing Bermuda's Minimum Hourly Wage - Presented for information

Notable Moments

Opposition senators questioned why pension contribution increases are being delayed until 2025 while benefits are increased now
Heated exchange about the lack of a specific timeline for promised pension system reforms, with senators saying people need to plan for retirement
Questions about whether current pension calculations account for Bermuda's declining birth rate and young people leaving the island

Debate Transcript

10 speeches from 3 speakers
Madam President. The President Mm-hmm. [Pause] CONFIRMATION OF MINUTES [Minutes of 24 July 2024 confirmed] The President: I will call on the Vice President Kiernan Bell. Sen. Kiernan Bell: Madam President , I move that the minutes of the meeting of Wednesday, 24 July 2024 be taken as read. The President: Thank you. I …
Sen. Dr. Douglas De Couto Thank you, Madam President. And thank you for your considered ruling. Would you allow me to just make few statements of fact for the record with respect to the timing of the questions and the Government response? The President: You may , as long as it is brief.
Sen. Dr. Douglas De Couto Yes. Just for the record the questions were submitted last Monday to provide ample time for any consideration and feedback that we might get to them. And my understanding is that the Government’s concern [over] the questions was made very late yesterday. So you can understand, Madam President, we did …
Sen. Dr. Douglas De Couto Thank you, Madam President. And thank you, Senator, for that brief. That was some good information in there. Those of us in the OBA who are knocking on doors and trying to win the support of people are inun-dated, as I am sure those in the PLP are, with comments …
Sen. Dr. Douglas De Couto Thank you, Madam President. I would like to ask a clarifying question with regard to the Senator’s statement that the Pension Re-form Committee is still progressing the work of the Pub-lic Service Superannuation Fund, the public servant pension. My understanding, what I had heard, I w ould like her to …
Sen. Dr. Douglas De Couto Thank you, Madam President. We were just talking about the pensions increases and that was a hot topic on people’s minds and on their wallets. And clearly as the temperature gets hotter, the BELCO bills get hotter. And so, this is also a very hot topic. Now, it is a …
An Hon. Member An Hon. Member Goodness! [Laughter]
Sen. Dr. Douglas De Couto —and I picked through my BELCO bills to run some numbers. So, if you don’t mind, I might just try to provide a little more detail on some of the moving pieces of this because the fuel adjustment rates is a component of the Bill which includes the impact of …
Sen. Dr. Douglas De Couto Thank you, Madam President. So, the Bill is broken out in what we will call a variable part and a fixed part. So, first of all, everyone is paying $30- odd a month just for having your connection. Okay? That is the facilities charge. From July to August, that went …
Sen. Dr. Douglas De Couto Thank you, Madam President. Obviously, I would like to associate myself with the condolences to the Simmons family. I would also like to congratulate the Bermuda Robotics Team which is at the International Robotics Challenge over in Greece right now. So, I want to wish them a lot of luck. …
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