Tag: pensions holiday
Pension payments paused until year-end
(CNS): The current holiday from the mandatory pension contributions by employers and workers in the private sector will now continue until at least the end of the year. However, the window of opportunity for people to access the funds they have in their pensions will not be extended and there will be no second go […]
Pension firms face 14,000 requests in a week
(CNS): Pension administrators managing the nine different pension funds for private sector workers have faced a barrage of emails and messages in the wake of the new law passed by government to allow people access to their money during the COVID-19 health emergency. Deputy Director of Pensions Amy Wolliston said they were all in a […]
Miller argues alternative to pension withdrawals
(CNS): MLA Ezzard Miller (NS) has proposed an alternative to allowing people to access their pension funds as a way of injecting cash into the economy to battle the financial fallout from the COVID-19 panic. Speaking in the Legislative Assembly on Thursday, Miller said that while he supports the pension holiday he is the only […]
MLA urges pension raid to reset ‘ridiculous’ system
(CNS): Opposition MLA Chris Saunders (BTW) made a powerful argument on Thursday for everyone who has a private pension to raid it following changes to the law. He said that such a move might be the catalyst needed to reform the current “ridiculous system”. Saunders said he had never heard anyone who was satisfied with […]
Pension cash to take over six weeks to come
(CNS): Premier Alden McLaughlin has said that it will take several weeks for people to actually get their hands on the cash that they will be able to access from their pension funds when government amends the National Pensions Law on Thursday. Some pension companies have told their clients that it will take 60 days […]
