More than 24,000 local pensioners will receive an increase in their pension to help them make ends meet, Federal Member for Chifley, Ed Husic said.<\/p>\n
From 20 March 2012, local people receiving age, disability and carer pensions, as well as veterans\u2019 income support recipients, will receive a fortnightly boost in their pension as a result of indexation.<\/p>\n
\u201cSingle pensioners on the maximum rate will receive an extra $6.70 a fortnight, and pensioner couples on the maximum rate will receive an extra $10.00 a fortnight combined,\u201d Mr. Husic said. <\/p>\n
\u201cAs part of our historic pension reforms in 2009, we delivered the biggest increase to the pension in its 100 year history, and this boost gives our local pensioners that little bit extra to help manage their budget.\u201d<\/p>\n
Since 2009, Labor has delivered increases to the maximum pension rate of about $154 per fortnight for singles and about $156 per fortnight for couples combined. <\/p>\n
Following the latest increase, total pension payments for people on the maximum rate, including the base rate and pension supplement, are:
\n$755.50 a fortnight for singles, and $1,139.00 a fortnight for couples combined. <\/p>\n
Mr Husic said Labor\u2019s reforms to the pension system also delivered a fairer indexation system that ensures the pension keeps up with living costs.<\/p>\n
\u201cLabor understands that pensioners have the least room to move in their budgets. That\u2019s why it\u2019s so important that when the cost of living goes up, the pension goes up to match it. <\/p>\n
\u201cWe\u2019ve delivered for Chifley\u2019s pensioners in Government and we\u2019ll keep delivering to make sure they get the fair go they deserve.\u201d <\/p>\n
From May, the Federal Government is also increasing payments to pensioners as part of the clean energy future package.<\/p>\n
Single pensioners will receive an increase of about $338 per year, and pensioner couples will receive an increase of about $510 per year combined. <\/p>\n
Mr Husic said Tony Abbott and the Coalition voted against this increase, and a Coalition Government would claw it all back.<\/p>\n
\u201cMany local pensioners will be more than $300 a year worse off under Tony Abbott.<\/p>\n
\u201cAs local pensioners look forward to a pension increase today and another boost in the next few months, they will be quite rightly asking Tony Abbott just how much he plans to rip away.<\/p>\n
\u201cAfter a lifetime of work, pensioners deserve a fair go. They deserve to know their pension is being protected, and they deserve better than Toby Abbott\u2019s savage cuts.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
More than 24,000 local pensioners will receive an increase in their pension to help them make ends meet, Federal Member for Chifley, Ed Husic said. From 20 March 2012, local people receiving age, disability and carer pensions, as well as veterans\u2019 income support recipients, will receive a fortnightly boost in their pension as a result […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[49],"tags":[],"_links":{"self":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/1935"}],"collection":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1935"}],"version-history":[{"count":0,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/1935\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}