Another Pension Increase

The Federal Labor Government will deliver local pensioners another welcome boost to their household budgets this month.

 

Tony Burke, Member for Watson said more than 27,000 local pensioners will receive an increase in their pension as well as the new Clean Energy Supplement from 20 March.

Single pensioners on the maximum rate will receive an extra $35.80 per fortnight, and pensioner couples on the maximum rate will receive an increase of $54.00 per fortnight combined.

With the increase, total pension payments for people on the maximum rate will be:

• $808.40 a fortnight for singles, and

• $1,218.80 a fortnight for couples combined.

Mr Burke said that this was another example of how this Labor government is delivering for our local pensioners.

“I’m passionately committed to a better deal for all pensioners. We know they have the least room to move in their budgets,” Mr Burke said.

“This latest boost will help make sure our local pensioners can keep on top of things when the bills arrive.”

The new Clean Energy Supplement, which is part of the Household Assistance Package, will be paid fortnightly along with the pension from 20 March, at a rate of $13.50 per fortnight for singles and $20.40 a fortnight for couples combined.

Tony Burke said Labor’s pension reforms and the new Clean Energy Supplement meant the maximum rate of the single pension was now $207 a fortnight higher than it was in September 2009.

“In contrast, Tony Abbott and the Liberals have promised to claw back every cent of the support Labor is delivering pensioners under the Household Assistance Package.

“This means every single pensioner – all 27,000 of them – would lose hundreds of dollars a year under an Abbott Government.