More than 15,900 local pensioners will receive an increase in their pension from today to help make ends meet, said Member for Canberra, Gai Brodtmann.
Canberrans receiving age, disability and carer pensions, along with veterans’ income support recipients, will all receive a fortnightly boost in their pension as a result of indexation.
“I’m sure this will be very welcome news for Canberra’s pensioners - every little bit helps,” Ms Brodtmann said.
“Single 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.
“As part of Labor’s historic pension reforms in 2009, we delivered the biggest increase to the pension in its 100 year history. And today we are giving our local pensioners that little bit extra to help manage their budget.”
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.
Following the latest increase, total pension payments for people on the maximum rate, including the base rate and pension supplement, are:
- $755.50 a fortnight for singles, and
- $1,139.00 a fortnight for couples combined.
Ms Brodtmann said Labor’s reforms to the pension system also delivered a fairer indexation system that ensures the pension keeps up with living costs.
“The Gillard Government understands that pensioners have the least room to move in their budgets. That’s why it’s so important that when the cost of living goes up, the pension goes up as well,” said Ms Brodtmann.
From May, the Federal Government is also increasing payments to pensioners as part of the Clean Energy Future package.
Single pensioners will receive an increase of about $338 per year, and pensioner couples will receive an increase of about $510 per year combined.