Good afternoon,
As Bermuda continues to ease restrictions relating to the COVID-19 pandemic, and additional sectors of the economy are opening with Phase 4, I am pleased to provide a further update on the Ministry of Finance COVID-19 - Fiscal Plan.
Today, I will cover four areas: an update on the Unemployment Benefit, Contributory Pensions Temporary Amendment Act 2020, information on the process for taking advantage of the National Pension Scheme suspensions, and payroll tax relief for restaurants and bars.
Unemployment Benefits