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Some 243 million dollars has come out of private pension plans in the past three years, according to Peter Sousa, CEO of the Pension Commission of Bermuda. As you'll recall, Government approved three private pension "hardship" withdrawals during the pandemic, totalling up to $24,000 per person. Last night, we interviewed Margaret Chapman of Narrative Research, on survey results showing that economic challenges forced islanders to alter their retirement plans. Our Dianne Brewer asked Mr. Sousa fo
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