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<h1>Social Security Programs Throughout the World: The Americas, 2005</h1>
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<h1>Bermuda</h1>
<div class="exchangeRate">Exchange rate: US$1.00 equals 1 Bermuda dollar (B$).</div>
<h2>Old Age, Disability, and Survivors</h2>
<h3>Regulatory Framework</h3>
<p><span class="h4">First law:</span> 1967 (old-age and survivors).</p>
<p><span class="h4">Current laws:</span> 1970 (old-age and survivors), with amendments; 1980 (disability); and 1998 (occupational pensions), implemented in 2000, with amendment.</p>
<p><span class="h4">Type of program:</span> Social insurance, mandatory occupational pension, and social assistance system.</p>
<h3>Coverage</h3>
<h4>Social insurance</h4>
<p>Employed and self-employed persons older than age&nbsp;16, except full-time students who work weekends or during school vacations.</p>
<p>Voluntary insurance for persons who were previously covered.</p>
<p>Exclusions: Those who are not ordinarily resident, unless gainfully employed for more than 26 consecutive weeks.</p>
<h4>Mandatory occupational pension</h4>
<p>Employees aged&nbsp;23 or older who are Bermudian or the spouse of a Bermudian and who have worked 720&nbsp;hours or more for their current employer in any calendar year; self-employed persons aged&nbsp;23 or older who are Bermudian or the spouse of a Bermudian and who have annual earnings greater than B$2,000.</p>
<h4>Social assistance</h4>
<p>Bermudian residents.</p>
<h3>Source of Funds</h3>
<h4>Social insurance</h4>
<p><span class="h5">Insured person:</span> B$24.19 a week; if older than age&nbsp;65, none.</p>
<p><span class="h5">Self-employed person:</span> B$48.38 a week; if older than age&nbsp;65, B$24.19 a week.</p>
<p><span class="h5">Employer:</span> B$24.19 a week for employees of any age.</p>
<p><span class="h5">Government:</span> None; contributes as an employer.</p>
<h4>Mandatory occupational pension</h4>
<p><span class="h5">Insured person:</span> 5% of earnings.</p>
<p>The maximum annual earnings for contribution purposes are B$200,000.</p>
<p><span class="h5">Self-employed person:</span> 10% of declared earnings.</p>
<p>The maximum mandatory contribution on declared earnings is B$5,000 a year. Additional voluntary contributions are possible.</p>
<p><span class="h5">Employer:</span> 5% of earnings.</p>
<p>The maximum annual earnings for contribution purposes are B$200,000.</p>
<p><span class="h5">Government:</span> None.</p>
<h4>Social assistance</h4>
<p><span class="h5">Insured person:</span> None.</p>
<p><span class="h5">Self-employed person:</span> None.</p>
<p><span class="h5">Employer:</span> None.</p>
<p><span class="h5">Government:</span> Total cost.</p>
<h3>Qualifying Conditions</h3>
<h4>Social insurance</h4>
<p><span class="h5">Old-age pension:</span> Age&nbsp;65 with 484&nbsp;weeks of contributions, including 50&nbsp;weeks of contributions for each year of insurance. Retirement is not necessary.</p>
<p>Partial pension: A reduced pension is paid with between 25 and 49&nbsp;weeks of contributions for each year of insurance.</p>
<p>The old-age pension is payable abroad.</p>
<p><span class="h5">Old-age settlement:</span> The insured does not meet the qualifying conditions for a pension.</p>
<p><span class="h5">Disability pension:</span> Aged&nbsp;18 to 64, employed immediately before the onset of disability, and unable to work during a full year. The insured must have 150&nbsp;weeks of contributions with 50&nbsp;weeks of contributions for each year of insurance.</p>
<p>Partial pension: A reduced pension is paid with between 25 and 49&nbsp;weeks of contributions for each year of insurance.</p>
<p>The disability pension is payable abroad.</p>
<p><span class="h5">Survivor pension:</span> The deceased was a pensioner or met the qualifying conditions for a pension. The spouse was married to the deceased for at least 3&nbsp;years. A widow is credited for contribution purposes for every week she receives a survivor pension and may substitute a year of her husband's contribution record for her own.</p>
<p>Partial pension: A reduced pension is paid with between 25 and 49&nbsp;weeks of contributions for each year of insurance.</p>
<p>Eligible survivors are the <span class="nobr">widow(er)</span> and orphans.</p>
<p>The survivor pension is payable abroad.</p>
<p><span class="h5">Survivor settlement:</span> The deceased did not meet the qualifying conditions for a pension.</p>
<p>Eligible survivors are the <span class="nobr">widow(er)</span> and orphans.</p>
<h4>Mandatory occupational pension</h4>
<p><span class="h5">Old-age pension:</span> The normal retirement age is 65.</p>
<p><span class="h5">Disability pension:</span> Assessed as incapable of work as the result of a physical or mental condition.</p>
<p><span class="h5">Survivor pension:</span> On the insured's death, the pension is paid to a beneficiary named by the deceased.</p>
<h4>Social assistance</h4>
<p><span class="h5">Noncontributory old-age pension:</span> Age&nbsp;65 and Bermudian with at least 10&nbsp;years of continuous residency in the 20&nbsp;years immediately before the application and does not meet the qualifying conditions for the old-age pension.</p>
<p><span class="h5">Noncontributory disability pension:</span> Aged&nbsp;18 to 64 with 10&nbsp;years of residency immediately before the application and permanently incapable of employment.</p>
<p>Appointed medical doctors assess the degree of disability.</p>
<p><span class="h5">Noncontributory survivor pension:</span> No benefits are provided.</p>
<h3>Old-Age Benefits</h3>
<h4>Social insurance</h4>
<p><span class="h5">Old-age pension:</span> B$177.10 a week (B$767.43 a month), plus B$1.04 for every <span class="nobr">26-week</span> period of contributions over 484&nbsp;weeks.</p>
<p>Partial pension: The minimum monthly partial pension is B$419.80 if the yearly average number of weeks of contributions is between 25 and 29; B$522.70 with 30 to 34&nbsp;weeks; B$631.91 with 35 to 39&nbsp;weeks, B$747.44 with 40 to 44&nbsp;weeks; or B$869.28 with 45 to 49&nbsp;weeks.</p>
<p><span class="h5">Old-age settlement:</span> The total employer and employee contributions are refunded as a lump sum.</p>
<h4>Mandatory occupational pension</h4>
<p><span class="h5">Old-age pension:</span> Pension calculations are based on average earnings or the amount of the insured's accumulated capital.</p>
<h4>Social assistance</h4>
<p><span class="h5">Noncontributory old-age pension:</span> B$352.21 a month.</p>
<p>If annual income is less than B$4,000, the minimum monthly pension is B$362.44.</p>
<h3>Permanent Disability Benefits</h3>
<h4>Social insurance</h4>
<p><span class="h5">Disability pension:</span> B$511.55 a month.</p>
<p>Partial pension: If the number of average annual weeks of contributions is at least 25 but less than 50, the pension is reduced in proportion to the number of average annual weeks of contributions.</p>
<h4>Mandatory occupational pension</h4>
<p><span class="h5">Disability pension:</span> The value of the benefit depends on the specific rules that apply to the occupational scheme.</p>
<h4>Social assistance</h4>
<p><span class="h5">Noncontributory disability pension:</span> B$352.21 a month.</p>
<h3>Survivor Benefits</h3>
<h4>Social insurance</h4>
<p><span class="h5">Survivor pension:</span> B$767.43 a month.</p>
<p>Partial pension: B$383.72 a month if the deceased's yearly average number of weeks of contributions was between 25 and 29; B$460.46 for 30 to 34&nbsp;weeks; B$537.20 for 35 to 39&nbsp;weeks; B$613.94 for 40 to 44&nbsp;weeks; or B$690.96 for 45 to 49&nbsp;weeks.</p>
<p>The survivor pension is payable for 26&nbsp;weeks or until dependent children reach age&nbsp;16; for life if the surviving spouse is older than age&nbsp;50 or disabled.</p>
<p>The survivor pension ceases if the spouse remarries or cohabits.</p>
<p><span class="h5">Orphan's pension:</span> B$76.57 a month until old enough to leave school.</p>
<p><span class="h5">Survivor settlement:</span> The total employer and employee contributions are refunded as a lump sum.</p>
<h4>Mandatory occupational pension</h4>
<p><span class="h5">Survivor pension:</span> Benefits are based on the value of the deceased's contributions, accumulated capital, or accrued benefits. The benefit is paid as a lump sum.</p>
<p>The pension does not cease on remarriage.</p>
<p>A lump sum is also paid to the survivor if the deceased had less than 2&nbsp;years of membership in an occupational scheme at the time of death.</p>
<h4>Social assistance</h4>
<p><span class="h5">Noncontributory survivor pension:</span> No benefits are provided.</p>
<h3>Administrative Organization</h3>
<h4>Social insurance and social assistance</h4>
<p>Ministry of Finance provides general supervision.</p>
<p>Department of Social Insurance (http://www.socialinsurance.gov.bm) administers the program.</p>
<h4>Mandatory occupational pension</h4>
<p>Pension Commission supervises and regulates the program.</p>
<h2>Sickness and Maternity</h2>
<h3>Regulatory Framework</h3>
<p><span class="h4">First and current law:</span> 1970 (hospital insurance), with amendments.</p>
<p><span class="h4">Type of program:</span> Compulsory insurance with a public or private carrier or an approved employer-operated plan (employed persons). Individual or voluntary insurance (nonemployed persons). Medical benefits only.</p>
<p>Note: Under the 2000 Employment Act, employers are required to provide paid sick leave and paid and unpaid maternity leave.</p>
<h3>Coverage</h3>
<p>All residents.</p>
<p>Employers are liable for carrying insurance for employees and employees' nonemployed spouses.</p>
<h3>Source of Funds</h3>
<p><span class="h4">Insured person:</span> B$72.45 a month each for an employee and his or her nonemployed spouse. (Other insured persons contribute B$144.90 a month.)</p>
<p><span class="h4">Self-employed person:</span> B$144.90 a month on an individual or voluntary basis.</p>
<p><span class="h4">Employer:</span> B$72.45 a month each for an employee and his or her nonemployed spouse.</p>
<p><span class="h4">Government:</span> A government grant finances 80% of the cost of medical care for residents aged&nbsp;65 to 74, 90% for residents aged&nbsp;75 or older, and 100% for resident children and indigent persons.</p>
<h3>Qualifying Conditions</h3>
<p><span class="h4">Cash sickness and maternity benefits:</span> No statutory benefits are provided.</p>
<p>Under the 2000 Employment Act, employers are required to provide paid sick leave and paid and unpaid maternity leave.</p>
<p><span class="h4">Medical benefits:</span> There is no minimum qualifying period, except for a <span class="nobr">10-month</span> waiting period for maternity care benefits.</p>
<h3>Sickness and Maternity Benefits</h3>
<p><span class="h4">Sickness benefit:</span> No statutory benefits are provided.</p>
<p>The 2000 Employment Act provides for 8&nbsp;days of paid sick leave a year to employees who have worked for the same employer for at least a year.</p>
<p><span class="h4">Maternity benefit:</span> No statutory benefits are provided.</p>
<p>The 2000 Employment Act provides for 8&nbsp;weeks of paid maternity leave and 4&nbsp;weeks of unpaid maternity leave to employees who have worked for the same employer for at least a year; 8&nbsp;weeks unpaid maternity leave for employees with less than a year.</p>
<h3>Workers' Medical Benefits</h3>
<p>The Hospital Insurance Commission, a private insurance company, or an employer plan reimburses the hospital for services provided. Benefits include inpatient and outpatient services, including room and board; nursing, laboratory, ambulance, and resident doctor services; drugs; appliances; surgery; maternity care; and physical therapy.</p>
<p>There is no limit to duration.</p>
<h3>Dependents' Medical Benefits</h3>
<p>The Hospital Insurance Commission, a private insurance company, or an employer plan reimburses the hospital for services provided. Benefits include inpatient and outpatient services, including room and board; nursing, laboratory, ambulance, and resident doctor services; drugs; appliances; surgery; maternity care; and physical therapy.</p>
<p>There is no limit to duration.</p>
<h3>Administrative Organization</h3>
<p>Ministry of Finance, through the Department of Social Insurance (http://www.socialinsurance.gov.bm), provides general supervision.</p>
<p>Hospital Insurance Commission administers the program.</p>
<h2>Work Injury</h2>
<h3>Regulatory Framework</h3>
<p><span class="h4">First and current law:</span> 1965 (workmen's compensation).</p>
<p><span class="h4">Type of program:</span> Employer-liability system. (The government may require employers to carry insurance.)</p>
<h3>Coverage</h3>
<p>Employed persons and apprentices aged&nbsp;16 or older.</p>
<p>Exclusions: Casual labor, part-time workers, temporary employees, students, and voluntary workers.</p>
<h3>Source of Funds</h3>
<p><span class="h4">Insured person:</span> None.</p>
<p><span class="h4">Self-employed person:</span> Not applicable.</p>
<p><span class="h4">Employer:</span> Total cost, met through the direct provision of benefits or the purchase of insurance premiums.</p>
<p><span class="h4">Government:</span> None.</p>
<h3>Qualifying Conditions</h3>
<p><span class="h4">Work injury benefits:</span> There is no minimum qualifying period, but the work injury must last more than 3&nbsp;days.</p>
<h3>Temporary Disability Benefits</h3>
<p>The benefit is equal to 50% of lost earnings (up to a maximum of B$170 a week) or a lump sum. The total benefit paid must not exceed the permanent disability benefit for which the insured would be eligible.</p>
<h3>Permanent Disability Benefits</h3>
<p>If totally disabled, the total benefit is equal to 4&nbsp;years' earnings.</p>
<p>The minimum benefit is B$5,000.</p>
<p>The maximum benefit is B$53,000.</p>
<p>Constant-attendance supplement: Equal to 25% of the permanent disability benefit.</p>
<p>Partial disability: A percentage of the full disability benefit according to the loss of earning capacity.</p>
<p>Appointed medical doctors assess the degree of disability.</p>
<h3>Workers' Medical Benefits</h3>
<p>Benefits include the cost of necessary medical care, including hospitalization (up to a maximum based on the prevailing public ward charge for 56&nbsp;days); emergency outpatient treatment; surgery, according to a fee schedule; medical expenses, including the cost of nursing, ambulances, and medicines, up to B$1,000; the cost of prostheses up to B$2,000; and the cost of transportation up to B$250.</p>
<h3>Survivor Benefits</h3>
<p><span class="h4">Survivor benefit:</span> A lump sum equal to 3&nbsp;years' earnings or B$42,000 (whichever is less), minus any permanent disability benefit payments.</p>
<p>Eligible survivors are dependents who were totally dependent on the deceased's earnings.</p>
<p>Partial survivor grant: A grant is paid to those who were partially dependent on the deceased's earnings.</p>
<p><span class="h4">Funeral grant and medical expenses:</span> Up to B$2,000 is provided if there are no dependents.</p>
<h3>Administrative Organization</h3>
<p>Ministry of Labor, Home Affairs, and Public Safety provides general supervision.</p>
<p>Supreme Court administers lump sums.</p>
<p>Courts supervise the agreement between an employer and the insured on the amounts payable.</p>
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