Contributory Pensions (Amendment of Contributions and Benefits) Order 2011
FA E R
N
AT F
TQUO U
BERMUDA
CONTRIBUTORY PENSIONS (AMENDMENT OF CONTRIBUTIONS AND
BENEFITS) ORDER 2011
BR 41 / 2011
The Minister of Finance, in exercise of the powers conferred by section 37(1) of the
Contributory Pensions Act 1970 (“the principal Act”), makes the following Order:
Citation
This Order may be cited as the Contributory Pensions (Amendment of
Contributions and Benefits) Order 2011.
Amends principal Act to increase benefits
The benefit rates in the provisions of the principal Act referred to in column 1 of
Schedule 1 to this Order are repealed and replaced by the amounts set out in column 2 of
that Schedule.
Amends principal Act to increase contributions
The contribution rates in the provisions of the First Schedule to the principal Act
referred to in column 1 of Schedule 2 to this Order are repealed and replaced wherever they
appear in those provisions by the amounts set out in column 2 of that Schedule.
Commencement
Paragraph 2 of this Order comes into effect on 16th August 2011.
Paragraph 3 of this Order comes into effect on 6th August 2012.
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(2)
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CONTRIBUTORY PENSIONS (AMENDMENT OF CONTRIBUTIONS AND
BENEFITS) ORDER 2011
SCHEDULE 1
AMENDMENTS RELATING TO BENEFITS
Column 1
Provision amended
Column 2
New amount
Section 13(1) $103.81
The proviso in Section 13(1) $106.83
Section 17A(1) $150.79
Section 17B(1) $103.81
Paragraph 1 of Second Schedule $226.22
Paragraph 2 of Second Schedule $1.33
Paragraph 3 of Second Schedule $106.83
Paragraph 1 of Third Schedule $226.22
Paragraph 2 of Third Schedule $106.83
Paragraph 3(1) of Third Schedule $ 22.57
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CONTRIBUTORY PENSIONS (AMENDMENT OF CONTRIBUTIONS AND
BENEFITS) ORDER 2011
SCHEDULE 2
AMENDMENTS RELATING TO CONTRIBUTIONS
Column 1
Provision amended
Column 2
New amount
Paragraph 1(a) $32.07
Paragraph 1(b) $32.07
Paragraph 2(a) $64.14
Paragraph 2(b) $32.07
Made this 21st day of July 2011
Premier and Minister of Finance
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