📋 Tender Overview
This extension is another example of the Ministry of Economy and Labours unwavering support for Bermudians. As a reminder the SUB programme was created and implemented pursuant to the Public Treasury Administration and Payments Supplemental Unemployment Benefit Regulations 2020. It was designed to offer additional social protections for Bermudians and Spouses of Bermudians to offset the negative financial impact of the Covid-19 pandemic. While many have already benefited from this programme persons still in need of financial support but do not qualify through the Department of Financial Assistance programme will be eligible to applyfor SUB. Mr. SpeakerFrom its inception in September 2020 untilFebruary 2022 direct payment of the SUB was made to 172 individuals for a total cost of 1743460. The grand total including benefits paid and administrative costs for the SUB programme was 2422774. Mr. SpeakerAs of February 2022 a demographic breakdown of SUB recipients is as followsi.114 individuals were cancelled or exited the SUB programme due to gainful employment non-compliance with legislative requirements redundancy payments or transition to the financial assistance programme ii.Of the 114 58 individuals gainedemployment various sectors and iii.58 individuals remain in the SUB programmeMr. SpeakerIt goes without saying that this Government is prepared and ready to support Bermudians despite the financial constraints on the public purse. Once extended I urge members of the public who remain unemployed or are in need of financial assistance to apply online by visiting forms.gov.bm and completing the Supplemental Unemployment Benefits application. If anyone isunable to complete the form online they can also obtain an application package from the Department of Financial Assistance which must be completed and submitted with all the required documents.As Bermuda moves beyond the pandemic and toward greater economic stability this Ministry will continue to leverage policies within its remit that support the reintegration of all Bermudians into the local economy. It is anticipated that with continued strengthening of the economy thedownward trend in need for income support will continue.
