HAMILTON, Bermuda, Jun 1, CMC – The Bermuda government says it will begin making payments in October this year regarding the 10 per cent increase in pensions for public sector retirees effective from April 1, 2026.
The government has since introduced the Pensions (Increase) Amendment Act 2026 to provide for the increase.
Public sector pensions have been frozen since 2014, and Premier David Burt, said “this increase recognises the service of public sector retirees and delivers additional financial support, while also reflecting our responsibility to ensure the long-term sustainability of the pension fund”.
The government said that payments will begin in October and will include retroactive amounts back to April 2026, ensuring there is no loss to retirees because of the implementation timeline.
It said that the increase was made possible because the Public Service Superannuation Fund (PSSF) has been stabilised through the Public Service Superannuation (Stabilisation) Amendment Act 2025, which placed public sector pensions on a stable financial footing.
The government gave no indication as to how much is owed to the pensioners.
CMC/fh/ir/2026