Members
Parliament
Transparency
Scott Pearman, MP

Scott Pearman, MP

3828
Speeches
472,044
Words Spoken
151
Sittings Active
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
19 words
—there is an obligation to pay it. It is a contingent debt. Hon. E. David Burt: Point of order.
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
8 words
Point of order. Point of order, Mr. Speaker.
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
59 words
The Premier is [imputing] improper motive. It is incorrect to say that I know that he is righ t and that I know that I am wrong, and I am nonetheless saying what I am saying. And the Bermudian public will judge on whether what I am saying makes sense and is true, or it is not. [Inaudible interjections]
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
124 words
And the point I am making is that a pension fund is an obligation to pay money to people who have paid into it. And it is a debt that is a contingent liability and it is due. There comes a time when a pensioner is going to say I get my money. There are a certain fixed number of …
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
64 words
And those figures . . . and the Premier is chirping in from the side asking me, Where is the report? I believe he said that he will be filing reports in the next session and the actuarial report will be tabled every three years as a statutory obligation. Now, he can keep chirping — Hon. E. David Burt: Point …
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
13 words
Point of order, Mr. Speaker. Hon. N. H. Cole Simons: Point of order.
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
61 words
I will defer to the Opposition Leader. POINT OF ORDER [Misleading] Hon. N. H. Cole Simons: The Premier is misleading the House. I was referring to the actuarial reports produced by — [Crosstalk] Hon. N. H. Cole Simons: —produced by LifeWorks, Mr. Speaker. [Crosstalk] Hon. E. David Burt: That has no criticism from the Auditor General. See, he is confused …
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
68 words
So, I am grateful that the Premier has sat down. His point of order was of course incorrect because I am holding in my hand the actuarial review. [Inaudible interjections] 1732 21 July 2023 Official Hansard Report Bermuda House of Assembly Mr. Scott Pearman: So the suggestion both that I was incorrect and the suggestion that he [imputed] an improper …
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
14 words
But I am trying to move on because there is a funeral coming. [Crosstalk]
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
17 words
It is the actuarial review of Contributory Pension Fund. Bermuda as of the 1 st of August.
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
23 words
No; it is the review. Hon. Zane J. S. De Silva: Thank you, Mr. Speaker. That is what I was objecting to. [Crosstalk]
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
8 words
Okay. Let’s focus. [General uproar and l aughter]
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
14 words
I know that the Premier is doing a wonderful job— [Laughter and desk thumping]
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
27 words
—in trying to get the House— Hon. Zane J . S. De Silva: Mr. Speaker, Mr. Speaker, is he talking to you? [General uproar and l aughter]
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
8 words
I find it incredibly disappointing, Mr. Speaker —
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
18 words
—that this House is erupting in laughter when we have a $3 billion shortfall in our public pension.
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
125 words
How much is it then? Hon. E. David Burt: I continue to state the facts that when you are referring to actuarial analysis it is taking into account liabilities that will accrue and become due in the future without taking access or knowledge or into account of contributions that will go in. I told the Honourable Member the date that …
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
118 words
The fact, Mr. Speaker, that this Premier said that I can say the difference between the future liabilities and the current assets, and not describe that difference as a shortfall, is absolutely mis-leading. The reality is that it is a shortfall. It is circ a $3 billion. And the fact that there may be monies coming into that fund and …
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
14 words
So, Mr. Speaker, those are my expressions of concern on this area. [Inaudible interjections]
21 Jul 2023 House of Assembly
Official Hansard Report - House Of Assembly
45 words
I note that there are some people chirping in from the background. I am not sure that it is necessarily helpful. I do not think the Bermudian public is going to appreciate that we are not treating this issue with the seriousness that it deserves.