Published May 8, 2020 at 8:00 am
(Updated May 8, 2020 at 6:43 am)
Residents plunged into hardship by the Covid-19 crisis will be able to make a one-time withdrawal of $12,000 from their pension pot under legislation to be fast-tracked through the House of Assembly today.
However, dipping into retirement savings presents a painful choice between todays needs and the ability to pay for life after work, say experts.
David Burt, the Premier, announced on Wednesday that the legislation would be pushed through the House today, in a process that would normally take weeks, with the backing of the Opposition.
The change will…