{"id":8663,"date":"2021-05-25T11:30:16","date_gmt":"2021-05-25T15:30:16","guid":{"rendered":"https:\/\/drealfmgrenada.com\/?p=8663"},"modified":"2021-05-25T11:30:16","modified_gmt":"2021-05-25T15:30:16","slug":"hard-hit-bermudans-allowed-to-withdraw-more-funds-from-pensions","status":"publish","type":"post","link":"https:\/\/drealfmgrenada.com\/index.php\/2021\/05\/25\/hard-hit-bermudans-allowed-to-withdraw-more-funds-from-pensions\/","title":{"rendered":"Hard-Hit Bermudans Allowed To Withdraw More Funds From Pensions"},"content":{"rendered":"

HAMILTON, Bermuda, CMC \u2014<\/strong> Finance Minister Curtis Dickinson has said that residents feeling the pinch from the coronavirus (COVID-19) pandemic can withdraw up to US$6,000 from their pensions.<\/p>\n

Dickinson said that the decision to allow further withdrawals would take effect from July 1 and would last until June 30 next year.<\/p>\n

Dickinson said the withdrawal would supplement existing regulations allowing limited pension drawdowns for people who could show they were facing financial difficulty.<\/p>\n

Dickinson \u201cstrongly cautioned\u201d that only people who had a critical need for emergency funding should apply,\u201d saying it was very difficult for people to make up the withdrawals later.<\/p>\n

Last year, thousands of residents dipped into their pension pots to help them through the economic downturn caused by the pandemic, which has so far killed 32 residents.<\/p>\n

At that time, they were allowed to take out as much as US$12,000.<\/p>\n

Insurance companies said the average withdrawal was between US$7,000 and US$9,000 per person.<\/p>\n","protected":false},"excerpt":{"rendered":"

HAMILTON, Bermuda, CMC \u2014 Finance Minister Curtis Dickinson has said that residents feeling the pinch from the coronavirus (COVID-19) pandemic can withdraw up to US$6,000 from their pensions. Dickinson said that the decision to allow […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":8664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[41],"tags":[],"class_list":{"0":"post-8663","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-regional-news"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?fit=460%2C345&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?fit=460%2C345&ssl=1",460,345,false],"landscape":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg",460,345,false],"portraits":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg",460,345,false],"thumbnail":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?fit=300%2C225&ssl=1",300,225,true],"large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?fit=460%2C345&ssl=1",460,345,true],"1536x1536":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?fit=460%2C345&ssl=1",460,345,true],"2048x2048":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?fit=460%2C345&ssl=1",460,345,true],"mh-magazine-slider":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?resize=460%2C345&ssl=1",460,345,true],"mh-magazine-content":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?resize=460%2C345&ssl=1",460,345,true],"mh-magazine-large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?resize=460%2C345&ssl=1",460,345,true],"mh-magazine-medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?resize=326%2C245&ssl=1",326,245,true],"mh-magazine-small":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/05\/pensions.jpg?resize=80%2C60&ssl=1",80,60,true]},"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"Regional News<\/a>","rttpg_excerpt":"HAMILTON, Bermuda, CMC \u2014 Finance Minister Curtis Dickinson has said that residents feeling the pinch from the coronavirus (COVID-19) pandemic can withdraw up to US$6,000 from their pensions. Dickinson said that the decision to allow [...]","_links":{"self":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/8663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/comments?post=8663"}],"version-history":[{"count":1,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/8663\/revisions"}],"predecessor-version":[{"id":8665,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/8663\/revisions\/8665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media\/8664"}],"wp:attachment":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media?parent=8663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/categories?post=8663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/tags?post=8663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}