HAMILTON, Bermuda, CMC - Bermuda's MPs have passed a resolution giving cabinet ministers a 10 per cent pay cut effective April 1.
“It’s more symbolic than substantive,” Premier Craig Cannonier said, noting that the overall saving was relatively small. “But in our present economic and fiscal circumstances, it’s the right thing moving forward.”
The Premier’s salary will decrease from US$168,069 to US$151,262 a year, while the Deputy Premier’s pay goes from US$125,491 to US$112,942.