VETERAN PENSION RATE RISE ON 20 SEPTEMBER
The Minister for Veterans’ Affairs, Warren Snowdon, announced that from today, 20 September 2012, there will be an increase in pensions and income support payments for around 305,000 veterans, partners, war widows and widowers around the nation.
“The bi-annual pension indexation process, which was improved by this Government in 2009 with the introduction of the Pensioner and Beneficiary Living Cost Index (PBLCI), underlines our commitment to providing the support veterans and their families need to cope with the increased cost of living.
“The increases I have announced today are part of this process, and will go a long way in helping out those that need it most,” Mr Snowdon said.
The first full pension payment at the new rates will be on pension payday 18 October 2012.
The table below highlights the key changes to fortnightly rates.
|
Pension |
Old Rate |
New Rate |
Increase |
| Service Pension—single |
$755.50 |
$772.60 |
$17.10 |
| Service Pension—couples |
$1,139.00 couple
$569.50 each |
$1,164.80 couple
$582.40 each |
$25.80
$12.90 |
| War Widow Pension |
$765.60 |
$783.60 |
$18.00 |
| Income Support Supplement |
$228.90 |
$234.40 |
$5.50 |
| Special Rate (TPI) Pension |
$1,154.20 |
$1,182.00 |
$27.80 |
| Intermediate Rate Disability Pension |
$783.40 |
$802.30 |
$18.90 |
| Extreme Disablement Adjustment |
$637.30 |
$652.70 |
$15.40 |
| 100 per cent General Rate of Disability |
$410.10 |
$420.00 |
$9.90 |
Pensions are indexed twice a year in March and September by reference to the highest of three measures: the Consumer Price Index (CPI), the Pensioner and Beneficiary Living Cost Index (PBLCI) and Male Total Average Weekly Earnings (MTAWE).
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