First law: 1967 (old-age and survivor benefits only).
Current law: 1970 (old-age and survivors) and 1980 (disability).
Type of program: Social insurance system.
Exchange rate: U.S. $1.00 equals 1 Bermuda dollar (B$).
Employed and self-employed persons over age 16, except full-time students who work weekends or during school vacation periods.
Exclusions: Those not ordinarily resident unless gainfully occupied for more than 26 consecutive weeks.
Voluntary insurance for formerly covered persons.
Insured person: B$21.34 per week; over age 65, none.
Self-employed, B$42.68 per week; over age 65, B$21.34 per week.
Employer (including Government as employer): B$21.34 a week.
Government: None.
Old-age pension: Age 65 and 484 weeks of contribution with 50 weeks of contribution for each year of insurance (reduced pension if 25-49 weeks).
Retirement not necessary. Payable abroad.
Noncontributory pension: Age 65 and Bermudian with at least 10 years of continuous residency during the 20 years immediately preceding application, not qualifying for regular old-age pension.
Disability benefit: Age 18 to 64. Employed immediately before incapacity, unable to work during a full year, and 150 weeks of contribution with 50 weeks of contribution for each year of insurance (reduced pension if 25-49 weeks).
Noncontributory disability benefit: Age 18 to 64. 10 years of residency, and permanent incapacity for employment.
Survivor benefit: Deceased was pensioner or met pension requirements, married 3 years.
Widow credited for contribution purposes every week she receives a survivor pension, may substitute husband's contribution record for her own.
Old-age pension: B$148.70 per week, plus 87 cents for every 26 weeks of contribution over 484.
Reduced pension: B$323.07, B$387.68, B$452.30, B$516.91, or B$581.53 per month if yearly average number of weeks of contribution is 25-29, 30-34, 35-39, 40-44, and 45-49, respectively.
Noncontributory pension: B$296.51 per month.
Minimum pension (means-tested): B$305.10 per month if income is under B$4,000 a year.
Lump-sum old-age grant: If ineligible for pension, refund of employer-employee contributions.
Disability benefit: B$430.64 per month.
Reduced pension: Benefit reduced in proportion to number of average annual weeks of contribution if less than 50 but 25 or more.
Noncontributory benefit: B$296.51 per month.
Lump-sum disability grant: If ineligible for pension, refund of employer-employee contributions.
Survivor pension: B$646.14 per month.
Reduced pension: Same as old-age pension.
Payable for 26 weeks, or until dependent children reach age 16, or for life if over age 50 or disabled, or until remarriage.
Orphans: B$64.49 per month.
Lump-sum survivor grant: If deceased did not meet qualifying conditions, refund of employer-employee contributions.
Ministry of Finance, general supervision.
Department of Social Insurance, administration of program.
First and current law: 1970 (hospitalization only).
Type of program: Compulsory insurance with public or private carrier, or approved employer-operated plan.
Individual or voluntary insurance.
All residents.
Employers liable to carry insurance for employees and their nonemployed spouses.
Insured person: B$40.15 a month per employee and nonemployed spouse. Other persons, B$80.30 a month.
Employer: B$40.15 a month per employee and nonemployed spouse.
Government: Cost of care of residents aged 65 to 74 years (80%), residents aged 75 and over (90%), resident children, and indigent persons (100%) through government grant.
Medical benefits: No minimum qualifying period except 10 months' waiting period in case of maternity.
Medical benefits: The Hospital Insurance Commission , or private insurance company or employer plan reimburses hospital for services provided.
Inpatient and outpatient services, including room and board, nursing, laboratory services, drugs, appliances, resident doctor services, surgery, ambulance services, maternity, and physical therapy.
Duration: No limit.
Medical benefits for dependents: Same as for insured.
Ministry of Finance through the Department of Social Insurance, general supervision.
Hospital Insurance Commission, administration of program.
First and current law: 1965.
Type of program: Individual employer-liability system.
(The government may require employers to carry insurance.)
Employed persons and apprentices.
Exclusions: High earners (white collar only), casual labor, and family labor. Special system for public employees.
Insured person: None.
Employer: Whole cost, through direct provision of benefits or insurance premiums.
Government: None.
Work-injury benefits: No minimum qualifying period, but incapacity must last more than 3 days.
Temporary disability benefit: 50% of lost earnings (maximum B$170 a week) or lump sum. Total benefit paid out may not exceed the permanent disability grant for which the insured would be eligible.
Permanent disability benefit: If totally disabled, 4 years' earnings.
Maximum, B$53,000; minimum, B$5,500.
Constant-attendance supplement: 25%of permanent disability grant.
Partial disability: Percentage of full grant in proportion to the loss of earning capacity.
Medical benefits: Cost of necessary medical care, including hospitalization (maximum, prevailing public ward charge up to 56 days), emergency outpatient treatment, surgery (according to fee schedule), medical expenses up to B$1,000 (including nursing, ambulance, and medicines), prosthetic devices up to B$2,000, and transportation up to B$250.
Survivor benefit: Lump sum equal to 3 years earnings or B$42,000 (whichever is less), minus any permanent disability payments.
Payable to dependents wholly dependent on worker's earnings.
Partial grant paid to those partially dependent on worker's earnings.
Funeral grant and medical expenses: Up to B$2,000 if no dependents.
Ministry of Home Affairs, general supervision.
Agreement between employer and insured on the amount payable supervised by courts. Supreme Court administers lump sums.