Some Links to Age Pension Reform info.

[b]Age Pension Reform information booklet[/b]

www.budget.gov.au/2009-10/content/glossy/pension/html/pensions_overview_01.htm



[b]Brief overview of Age Pension Reform[/b]

www.budget.gov.au/2009-10/content/overview/html/overview_22.htm

and

www.budget.gov.au/2009-10/content/overview/html/overview_23.htm



[b]Harmer Report on the Review of the Age Pension[/b]

www.taxreview.treasury.gov.au/content/downloads/retirement_income_report_stategic_issues/retirement_income_report_20090515.pdf

4 comments

Pommy - did you by any chance keep a copy of the pages where the budget for future rises was - it was at bottom of this page for couples



It is important that pension increases keep pace with the prices of goods that pensioners typically purchase.

A new index for pensioners



The Government will develop a new price index, to apply from 20 September 2009, designed specifically for households who rely on the pension.



The Government will use this new measure of price changes, the Pensioner and Beneficiary Living Cost Index, to index base pension rates where it is higher than the CPI. The CPI will still be used to index relevant eligibility thresholds.

A higher community living standards benchmark



The Government will continue to ensure that base pension rates keep up with community living standards by increasing the current benchmark.



Currently, the single rate of pension is benchmarked to 25 per cent of Male Total Average Weekly Earnings (MTAWE). That is, the pension is set at this level if CPI indexation happens to produce a lower pension rate.



Under the new arrangements, not only will the pension be increased by the higher of the CPI or the new Pensioner and Beneficiary Living Cost Index, but the effective benchmark for the single pension will also be increased from 25 per cent to 27.7 per cent of MTAWE.



This increase in the benchmark of more than 10 per cent will be enshrined in legislation.



[b] I could kick myself in the rush of all the budget and fuss by some of our group I didnt actually copy off the pages but just kept the link.



This pages has changed I kid you not!



On the end of it it gave the couples future rises and is now missing.



convenient? Or because I have been kicking up a fuss and so most likely have others!!!!!!



Cant blooming prove it now though as didnt cut and paste as usual or even do a print screen.

Sorry BigVal, I couldn't read your post, the ads are covering it up. I received these links from C.O.T.A. and what you see is what I received.

Thanks pommy - tip for you and all - if the ads covr up a post - usually at top of page - then quote and reply to post to read it in full. Works for me.

Thanks BigVal, but your words of advice were covered by the ads??????

4 comments



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