No Age Pension rise in store for September indexation: CPSA

This would mark the first time since 1931 that there will be no pension increase.

mature hands around an empty purse

Age pensioners looking forward to the usual 20 September pension increase could be in for a shock, as the Combined Pensioners and Superannuants Association (CPSA) claims there will be no increase to the Age Pension at the next indexation.

This will mark the first time since 1931 that there will be no pension increase, says CPSA.

“Eighty-nine years ago, on 23 July 1931, the Age Pension was reduced from $104 to $91 a year as Australia tried to cope with what would go down in history as the Great Depression,” said CPSA in a statement.

“On 13 October of that year, the annual pension amount was again reduced, this time to $78.

“CPSA was founded in 1931 to fight those pension reductions.”

Since 1931, the Age Pension has been increased every time it was indexed. Pensions are indexed twice a year – on 20 March and 20 September – on the basis of inflation and wages.

While it is almost impossible for the pension to be reduced, it can stay the same.

And according to the CPSA, the pension is not going up at the next pension indexation.

That may mean the current payment rates will remain at $944.30 for singles and $1423.60 for couples combined per fortnight.

While the 20 September rates have not yet been made official, the CPSA believes a simple calculation shows that they will not change.

“The basis for indexation on 20 September will be the Pensioner Beneficiary Cost of Living Index (PBLCI), which is a special inflation rate for pensioners,” says CPSA.

“The PBLCI went up more than the Consumer Price Index (CPI). However, the PBLCI for the June 2020 quarter and the December 2019 quarter are the same: 115.7.

“The Pension Supplement is always indexed according to the CPI, while the Energy Supplement does not get indexed at all. So, both the Pension Supplement and the Energy Supplement stay the same as well.

“All this means that for the first time since 13 October 1931 the overall pension will not be increased.

“The average weekly wage, which is the third indexation option, is not much use these days. By law the single pension must at least be 25 per cent of the average weekly wage, which stands at $1498.20. This means that the average weekly wage must go up by $236.40 to $1734.60 before it becomes relevant to pension indexation again. This might take a while.

“The basic pension at the moment is 27.5 per cent of the average wage.”

The governor of the Reserve Bank of Australia, Philip Lowe, has already stated that the CPI should start to pick up during the September 2020 quarter, which means the Age Pension should also rise at the next indexation on 20 March 2021.

But that may provide little solace for pensioners doing it tough in the midst of a pandemic, including singles with the pension as their sole source of income.

“A lot of people will be quite upset about not getting an increase on 20 September. In the lead-up to any pension indexation in March and September, we get a lot of calls from single full rate pensioners keen to know how much the increase will be,” CPSA policy manager Paul Versteege told YourLifeChoices.

“It has been slim pickings for them for a number of years. Make no mistake, the majority of single full rate pensioners are widows and widowers. Their income dropped 40 per cent when their partner died. Pension poverty continues to be real.”

A spokesperson for Department of Social Services told YourLifeChoices: “No determination has been made for the September indexation.”

Are you surprised that there may be no pension increase on 20 September?

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    COMMENTS

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    Horace Cope
    13th Aug 2020
    10:59am
    "Are you surprised that there may be no pension increase on 20 September?"

    Not at all, we have been conditioned to this possibility for some time as the CPI figures have shown a negative and as the pension is tied, inter alia, to this figure then no increase is an obvious outcome. I must say that the opening comments showing that pensions were actually reduced because of the Great Depression are misleading and may cause some concern. Was there really a need to show that considering that subsequent legislation has ruled out any chance of a reduction in the age pension?
    Eddy
    13th Aug 2020
    6:47pm
    A pedantic correction suggested Horace, social security benefits (including the age pension) are indexed by the Pensioner and Beneficiary Living Cost Index (PBLCI) rather than CPI. Not that it makes any real difference, the CPI dropped 1.9% whereas the PBLCI only dropped 1.4%.
    Horace Cope
    13th Aug 2020
    10:29pm
    Well, Eddy, if you read my comment again I have said that CPI is only a part of the indexation calculations. The indexation reflects the higher of CPI and a Pensioner and Beneficiary Living Cost Index. This is complicated as there is a minimum combined couples rate of 41.67%of MTAWE (with the singles benefit set at two-thirds of the couple’s rate). Effectively, the benefit is still linked to wages
    Justsane
    14th Aug 2020
    3:31pm
    No, Horace I don't think think that is right. The indexation reflects the higher of the Pensioner and Beneficiary Living Cost Index (PBLCI) and the MTAWE (Male Total Average Weekly Earnings), rather than the higher of CPI and the Pensioner and Beneficiary Living Cost Index.
    Blinky
    13th Aug 2020
    10:59am
    Why am I not surprised? There is money x businesses, asylum seekers, dole bludgers, for Lebanon, and politicians, but not for those who need it the most!
    Joy Anne
    13th Aug 2020
    11:21am
    Totally agree. It's not much but an extra $8-10 helps. Rental assistance needs to be increased. I pay $700 a fortnight
    Aussie
    13th Aug 2020
    1:39pm
    Totally agreed mate is an insult .... ans as always said this Gov. will love to see all of us on a Box ....look Melbourne age care places ...wowowow that is the beginning of our elimination like a gas chamber ....wowowowo what a bullshit
    Arvo
    13th Aug 2020
    2:10pm
    Agree, Blinky.
    By the way the cost of Campbells tin can Chunky Beef & Veg thick soup just went up to $3.50 from $1.75, a 100% increase, at Coles. Many other shopping items have had their prices increased. So, watch, the CPI figures will be manipulated to show the lowest cost outcome...for the government and a false report to the public.
    Dot
    13th Aug 2020
    8:28pm
    Surprise, surprise, you've hit the nail right on the head. No money for dedicated true blue Aussie and those who have worked all their lives and paid taxes. Money only for those who contribute nothing to this country and lets not forget the world human termites who have infested these once beautiful country over the past few years.
    Dot
    13th Aug 2020
    8:28pm
    Surprise, surprise, you've hit the nail right on the head. No money for dedicated true blue Aussie and those who have worked all their lives and paid taxes. Money only for those who contribute nothing to this country and lets not forget the world human termites who have infested these once beautiful country over the past few years.
    Circum
    14th Aug 2020
    5:40pm
    Arvo,your comments are misleading.The soup can that you mention is usually $3.50 but is often on special at $1.75. As are many other products eg soft drinks,crumpets etc etc.I agree that prices are constantly increasing,but its the smaller increases that stay high concern me more (so my wallet tells me).
    thommo
    13th Aug 2020
    11:04am
    can't complain,as a couple we got $3000,and if you were single got $1500,didn't expect a pension rise this September
    Joy Anne
    13th Aug 2020
    11:23am
    What I am single pensioner where do u get $1500. I suppose the 2 $750. But dole get $500a fortnight every fortnight.
    Aussie
    13th Aug 2020
    1:40pm
    Ueas Thommo wake up .... UR dreaming
    Arvo
    13th Aug 2020
    2:16pm
    Joy Anne, I think his figure refers to the 2x govt stimulus payments totaling $1,500 for single pensioners.
    Paddington
    13th Aug 2020
    3:55pm
    yes, thommo, we did, so maybe we can forgive no rise this time.
    Two of our kids lost their jobs one of which had had the virus. I worried for his mental health as he went into a depression. And, no, they did not get jobkeeper or jobseeker. They have some part time work again now but no pay for a some time.
    I just want us all to come out of this well and happy.
    The priority now is protecting everyone from the virus. There is not much to spend money on anyway apart from the basics.
    clancambo
    14th Aug 2020
    10:24am
    thommo. You are the perfect example on a stupid OLD non thinking dottery old fool! I have family that I know we will need to support because they're not eligible for any of the handouts.
    You are typical of the "stuff you" I'm okay mentality that makes many of us sick!
    PlanB
    17th Aug 2020
    12:12pm
    Rubbish Thommo -- no way does a single pensioner get $1500 we get $944.30 A FORTHNIGHT1
    Hairy
    13th Aug 2020
    11:09am
    Not surprised but gov got money for every country but their own ,absolutely disgraceful world grandstanding at cost of pensioners again.too right Blinky I agree
    pixii
    13th Aug 2020
    11:10am
    The cost of food and all household costs have gone up with Covid , the people receiving Covid payments called Job seeker , etc are receiving more than a pensioner couple , and over $500 p f more than single pension , how’s that reasonable?
    Joy Anne
    13th Aug 2020
    11:21am
    Yes it's not reasonable.
    SuziJ
    13th Aug 2020
    6:23pm
    Pixii, you've really got your figures very wrong. The couple rate without rent assistance is $1,423.60 ($1,563.20 with rent assistance), the base rate of single Jobseeker (without covid payment) is $565.70 per fortnight.

    The current single Jobseeker (60+) allowance is $1,162 ,which is $218 per fortnight more than what I get on a single DSP, which pays the same as the single age pension.

    This extra $550 will be going down to $250 per fortnight when October comes, which will be around $80 per fortnight less than what I receive.

    So, where do you get these extraordinary figures in your post?
    Farside
    14th Aug 2020
    5:35pm
    pixii, would you exchange your pension rate for jobseeker permanently? Yep, you might have a win thru to September 24 but after?
    Tanker
    13th Aug 2020
    11:19am
    They can't afford to give pensioners an increase as it is imperative that the wealthy get their income tax cut.
    Karl Marx
    13th Aug 2020
    1:29pm
    spot on, got to keep their mates happy & richer
    Oldchick
    13th Aug 2020
    11:24am
    And will the politicians take a pay cut? Not on your life. How many times this year has Parliament actually sat. Try googling it and you can’t find anything. I bet they’ll still get a nice pay rise snuck through by an “independent tribunal!!” and say thanks everybody like they always do. I’ve been very grateful for the $1500, not that it comes close to paying for my council rates on a very modest 3 bedroom home. I can only see a slippery downhill slope ahead though with all the cash they’ve splashed around on ill-conceived handouts. I know people on JobSeeker and JobKeeper who say they’ve never had it so good. Certainly a lot of people wouldn’t have survived without it but did the Government truly think it through - NO!
    Arvo
    13th Aug 2020
    2:20pm
    You are damn right that the bastards will not take a pay cut...Love to see them live off the meagre aged pension amount.
    inextratime
    13th Aug 2020
    11:28am
    Overheard at my accountants office yesterday Receptionist to listener " Get a job with the public service, they get a higher super contribution than private companies and if you get made redundant the pay out is better " And there you have it. A massive public service that needs funding. Nothing left for anyone else including pensioners and the private sector.
    Rae
    14th Aug 2020
    1:50pm
    But the public servants don't get an aged pension so perhaps it evens out somewhat in the end.
    KSS
    13th Aug 2020
    12:17pm
    Predictably the whingers will came flocking out at tthe mere thought of no increase. No matter that even earlier this year the derisory cries at the latest increase were as loud as ever, with complaints that the increase wouldn't even buy a coffee. Frankly, pensioners have been disrupted the least, lives have not changed as much as most others in fact they may even be better off because of the two lots of $750 they have received. That is a minimum $1500 per person. And should it actually happen, the same prediction is that March would see the rise given as normal.

    Surely forgoing what is normally derided as 'miserly' for a frw months would not be such a big ask given the extras they have already received.
    Arvo
    13th Aug 2020
    2:32pm
    The anticipated pension increase for Sept 2020 wasn't going to be more than $6 per fortnight for single pensioners under the Liberal government. Ever, since Tony Abbott won the election the bi-annual pension increases had been halved compared to under Labor's government payments. So, if there is anything to whinge about it is about the "mother-f#%kers " in government for their contemptuous treatment of age pensioners. They are no different to the common thieves and corporate fraudsters.
    PlanB
    17th Aug 2020
    12:15pm
    Right on Arvo -- absolute magots the lot of them
    Justsane
    19th Aug 2020
    4:38pm
    Arvo, Tony Abbott didn't change anything. He wanted to have the pension rate tied to the PBLCI only and not to the MTAWE. He sent brochures to pensioners saying that pensions would go up every six months. This was true, but misleading, because he was touting a smaller increase by taking out the MTAWE component. But his legislation did not get through the Parliament, and pensions are still calculated using using both sets of figures. The increases were more under Labor because Julia Gillard increased the MTAWE component to about 28% (single rate) and because of the the introduction of the clean energy supplement in that period. Also perhaps because those were better economic times and both the PBLCI & MTAWE saw greater increases.
    ronnieb
    13th Aug 2020
    12:32pm
    I must admit i get a bit upset at people who complain about not getting a rise, despite receiving the 2x $750each person (ie $3,000 for a couple) already as an extra this year. Anbd moaning about the Government sending A$4m to Lebanon is not going to help anybody ,(Are they aware that Beirut was almost totally blown apart recently and has been the subject of Terrorist strikes many, many, times).I do however agree that our pollies are lining their own pockets for the rest of their comfortable lives without blinking an eye. And i don't like comments by the Aged Care Minister along the lines of " the pension is very generous". To whom?
    clancambo
    13th Aug 2020
    12:35pm
    Really sucks because the CPI is a false figure. Just have a look at the price of food. I'm sorry I'm NOT a dole bludger who is now getting huge amounts since the Covid-19 pandemic. Don't forget the damned politicians also took increases. Really sucks!
    Arvo
    13th Aug 2020
    2:34pm
    Yes, CPI figures are manipulated to produce unrealistic and false figures.
    Greg
    13th Aug 2020
    2:54pm
    Maybe it's the food YOU buy, we haven't seen anything obvious that's gone up dramatically. We always look out for the half price specials and stock up an the things which will last. We've spent far less in the last 12 months then previously.
    Anonymous
    16th Aug 2020
    8:38pm
    Not sure how you achieved that, Greg. We watch for specials and stock up on non-perishables. We choose the less expensive cuts of meat, choose fruit and vegies that are in season, and make low-cost meals, and we don't have much in the way of snacks or deserts. Yet our food bill has skyrocketed over the past year.

    I agree that the CPI figures are unrealistic. The problem is that the CPI goes down when luxury items fall in price but necessities rise. Food, fuel, electricity and housing costs might rise substantially, yet the CPI doesn't reflect that if luxury cars, TVs, travel, etc. fall in price. SFRs are seeing their incomes fall while prices rise. Pensioners may not get a rise, but at least they are not seeing their income halved!
    mogo51
    13th Aug 2020
    12:47pm
    No, not considering the current circumstances.
    older&wiser
    13th Aug 2020
    12:55pm
    Says ' COULD be in for a shock'. So is this speculation, or fact?
    Sooty from Marketing
    13th Aug 2020
    1:16pm
    Not expecting a CPI increase and prepared to do the lifting as usual.
    Karl Marx
    13th Aug 2020
    1:29pm
    Nor surprised one bit.
    almost a grey hair
    13th Aug 2020
    1:48pm
    An extra cup of coffee is bad for you anyway, if they teduce the pension by the price of a cup of coffee as well , thats two cups you go without
    SuziJ
    13th Aug 2020
    6:28pm
    Who drinks coffee?

    I certainly don't. Haven't been able to have any drinks with caffeine in them for 20 years (heart troubles), so I don't think I'm missing out on anything.
    Country John
    13th Aug 2020
    2:46pm
    I don't think there's is much chance of a pay rise. That's for us pensioners NOT including politicians. If they don't get one they will get San increase for their expense account.
    I cannot even get a response from my federal MP after numerous emails. Now I don't even get a reply from one of his many staff.
    I always thought that they were elected by us for us but apparently that is incorrect.
    Will they ever wake up and look after the aged pensioners. Sorry but I think there is more chance of the Murray River following backwards than getting an increase.
    Triss
    13th Aug 2020
    2:53pm
    Write snail mail.
    Teacher
    13th Aug 2020
    2:56pm
    I said (in one of these comments) at the very beginning of the government handouts to job seekers etc. Who's going to pay for this? Now I know. We, the aged pensioners are. It's all very well to say that pensioners can live on their superannuation but if you are as old as me, 85, my super was well below what younger pensioners now have and I paid off my home mortgage with most of it. Now I'm left with no money behind me and a 60 year-old house that is breaking down in many places since I lost my husband 10 years ago. Not to mention that I live in a very desirable area so, of course, I have very high council rates to find each year. Can't leave it to come out of my estate as the payback interest is too high and my children would get practically nothing.
    Tanker
    13th Aug 2020
    5:39pm
    The aged pension is for you not so that you can leave anything for your children.
    Tood
    13th Aug 2020
    6:26pm
    Look after yourself Teacher, take a reverse mortgage if that's what you mentioned, you don't owe the children anything, you brought them up, old enough and time for them to stand on their own two feet by now
    older&wiser
    13th Aug 2020
    6:32pm
    Agree with you tanker. Really annoys me when seniors main concern is how much they can leave to their kids. It's not their money. I personally know of one mid 30's couple who brag about not having to worry about saving for a house because they'll get his parent's estate (he's an only child). His parents don't help, always saying how hard they're working to ensure their son has a healthy inheritance. Yet they live a frugal life, scrimping and saving, still drive an old 22yo car, never go on holidays.
    I cannot see why your birth guarantees you have to be left anything. If the kids didn't earn it, they should not have an inaliable right to it.
    Farside
    14th Aug 2020
    5:47pm
    Choices have consequences Teacher. At age 85, the pension loans scheme could improve your quality of life and make little difference to your kids when you shuffle of this mortal coil.
    Chris G
    13th Aug 2020
    3:30pm
    Agree, that many on Job Keeper & Job Seeker are better off than when they were working! My son was on Job Keeper for a few months, and he was still allowed to earn X amount of money without a means test being applied. Doesn't seem right!!
    Tanker
    13th Aug 2020
    5:41pm
    While Job Keeper was badly needed it has been badly mishandled.
    There are some companies who are recording record profits but there staff are on Job Keeper so their profits are being boosted by taxpayers.
    Greg
    13th Aug 2020
    6:25pm
    Tanker - How are their profits boosted by taxpayers? Job Keeper goes to the employee.
    Jezemeg8
    13th Aug 2020
    6:32pm
    Strange how all politicians lobby for a livable minimum wage, but there is total silence when it comes to Aged Pensioners trying to survive on far less! I often worked 18 hour days, 7 days a week, doing a job I loved, but it was one of the lowest paying..it was in aged care so it was essential. I was forced to retire in the very year Universal Super applied to the industry in which I worked, my 'golden handshake' was a whopping $1000! Succeeding Governments have spent the money I and others paid in taxes to ensure we had a livable pension, this was set up by Sir Robert Menzies, but since Universal Super it was deemed to be totally unnecessary and so those funds were stolen and spent! I wonder how many politicians could survive on what we as Aged Pensioners are expected to survive with!
    auzie3136
    13th Aug 2020
    7:29pm
    Yes Jezemeg8 your right about The Government spending the money that I like yourself paid in taxes to ensure a livable pension set up by Sir Robert Menzies. It used to be printed on payslips that an amount was taken out for this then one day this notification disappeared from the payslip. I also remember that they decided there was too much money in our Super (I worked for the Repatriation Hospital) They withdrew Millions from cOMMONWEALTH Super and placed it into another account cannot recall which but could be maybe remembered by someone else who writes into this
    site. maybe internal revenue
    pixii
    13th Aug 2020
    6:33pm
    Suzie J , I based my comment on the amount I receive Aged Pension $1083.p f , includes rent assistance, which is a lot less than $1500 p f ,
    Farside
    14th Aug 2020
    5:56pm
    and your point is what exactly, the pension is less than jobkeeper? Jobseeker is paying more than the pension, perhaps it could have been less. Some people are receiving more on jobkeeper for expediency however this anomaly is changing. Jobkeeper will disappear in time.
    Worked hard to retire
    13th Aug 2020
    7:32pm
    Not surprised at all . pensioner are the easy target for governments etc , there needs to be changes to the super system where the well off or Rich can not deposit large amounts of money into super and only pay 15 cents in the dollar , this absolutely stinks!!! when there are pensioners out there that rely on government support. There is a vast part of the population that have worked hard all there lives but not have had the opportunity to pile loads of money away into super, as most of us have been on basic wages . The pension System needs to be revised sooner then later as it will be around for years to come yet , its time to stop all the tax perks for the rich and channel more money to those that are struggling .
    skinner
    13th Aug 2020
    7:56pm
    No doubt the pollies will still get their annual raises!
    Pass the Ductape
    14th Aug 2020
    10:15am
    I don't know that they do get an annual raise skinner - but when one DOES come along, I've noticed they certainly compensate for it! Most seem get a raise which is more than what a pensioner gets for a whole year - which wouldn't be quite so bad if they were anywhere close to being worth it!
    jan
    13th Aug 2020
    10:17pm
    Arvo should invest in a tefel soup maker. Great machine, throw what you like in it and it comes out hot and smooth. No more expensive tin soup. I make pumpkin and sweet potato. Left overs go in the soup maker too.
    Spondonian
    14th Aug 2020
    8:28am
    During this pandemic we should postpone all Foreign Aid and just see to our own , Polititions should lead by example and cut their wages to the National Average Wage .
    Ok so I live in Cuckoo land but I can dream .
    Circum
    14th Aug 2020
    7:41pm
    Trouble is if you postpone foreign aid to see to your own,then you are taking the same stance as a politician in looking after your own (politicians) at the expense of other Australians.
    Fair Dinkum
    14th Aug 2020
    9:00am
    My only argument that being a self funded retires on about the same as the old age pension I don't get any of the discounts that pensioners get so i am worse off , I feel that because we are not getting funded by the government there fore saving the taxpayer somewhere in the Vicinity of $30000 a year we should get the pension discounts on rates electricity registration ect ect . So pensioners you are not so badly done by when compared to self funded retires on a similar income
    Karl Marx
    14th Aug 2020
    9:54am
    All retirees 65 & up should receive the minimum health card and be eligible for the other discounts that OAP get. The government will argue the as a self funded retiree you have assets that can be used towards your retirement income.
    Only solution is a universal pension for all over 65
    Greg
    14th Aug 2020
    11:16am
    You can get the Low Income Health Care card and get most of the discounts....unless of course your income is over $51,220. And in that case you don't need the discounts do you.
    Farside
    14th Aug 2020
    6:00pm
    There must be a value at which the SFR is better off to move to a pension if the SFR is willing to spend down savings.
    Circum
    14th Aug 2020
    7:51pm
    Agree with you Fair Dinkum.The Health Care Card as a minimum is a no brainer.More pros than cons for the government>Biggest problem is to find someone with a customer focused brain in Canberra who is willing to argue for Australians .
    Anonymous
    16th Aug 2020
    8:30pm
    Sure, Farside, there is a point at which an SFR is better off moving on to a pension - which really means their savings are of no value to them but only benefit the taxpayer. It's a very silly system that positions someone who saved half as much with greater income, security and benefits than someone who saved twice that amount. I guess those who have saved well should give it away, have a huge spend up, or buy a lavish house before retiring, since their extra savings are likely to disadvantage them.
    Farside
    17th Aug 2020
    9:07am
    Youngagin, extra savings are not a disadvantage – they give you options and choices. A SFR should never be worse off than an aged pensioner.
    Anonymous
    17th Aug 2020
    5:24pm
    Shouldn't be, Farside, but they ARE. If you have to spend your savings to match the income of someone who is able to retain their savings, you are worse off than them. Drawings from savings are NOT income. Drawings from savings represent less security, fewer choices, and potentially inability to pay - down the track - for things you saved for. This 'spend your savings' mentality is a mentality born out of ignorance, arrogance and selfishness, and shows a total lack of respect for people who saved and for the reasons they saved.
    Farside
    18th Aug 2020
    11:28am
    Youngagin says "If you have to spend your savings to match the income of someone who is able to retain their savings, you are worse off than them." Therefore it holds that those able to spend savings and still have more leftover in savings than someone else then they are better off than them.
    Anonymous
    18th Aug 2020
    9:08pm
    You really don't get it, do you Farside. People don't save so they can GIFT their savings to the tax man in retirement. They save so they can afford the things they need in later life. The pension system deprives them of all benefit of those savings - forcing them to either spend them quickly, thus defeating the entire purpose of saving in the first place, or spend them slowly compensating for lost pension income and thus, again, defeating the purpose of saving because the saving does nothing except reduce income from the government. Only an idiot would save under such stupid rules. No wonder the country is stuffed when fools make rules that punish the behaviour that helps the economy and rewards the behaviour that makes us all dependent and a burden.

    14th Aug 2020
    8:36pm
    Aged pensioners have little to complain about, after getting a $1500 per person bonus and retaining a stable and secure income, while most SFRs saw their income slashed as a result of falling dividends and interest rates, and hundreds of thousands of wage earners lost their income altogether - many with little hope of recovery any time soon. I get very tired of the gripes of aged pensioners. Most had the opportunity to save for retirement had they chosen to. The vast majority could have paid off a home had they been willing to make some sacrifices along the way. Battlers who struggled to pay off a home and save are being deprived. Wage earners are struggling. Yet pensioners seem to think other people should continue to pay for them to live better than many of those who are supporting them. Be grateful! At least you know your pension payment will hit the bank account reliably every fortnight, and you'll enjoy lots of discounts and concessions as well. You are far better off than a lot of folk who are equally deserving.
    Robbo1
    15th Aug 2020
    3:50am
    All government ministers, gave themselves hefty pay rises, with our money and not one single one took a reduction in their disgustingly huge pay packets!
    They doled out our money to illegal immigrants, students who stubbornly refused to go back home when they has the chance and people on temporary visas; but as usual, Australians who worked hard, paid taxes and made this country great, only to find it's now being sold from under us, by our greedy politicians, are the ones missing out!
    "We're NOT all in this together"!
    bobby
    15th Aug 2020
    10:59am
    I I will not be the least bit surprised if there is no increase in September. Unlike all you whingers, I can understand that each of us need to share some of the load. The pension, in my mind, is adequate, and we can afford the the small increase not being paid. When I became a pensioner, I accepted that I would have to change my lifestyle and did so. I prepared a budget and follow closely. I see every day people on the pension, drinking and smoking heavily and feel no sympathy for them at all.
    Greg
    15th Aug 2020
    3:28pm
    Exactly - We are SFR, not pension age yet but are living on around $38000 quite happily, and this is only just above the pension amount. Been like this for three years now and still pay for private health top hospital cover (no extras).
    bobby
    15th Aug 2020
    6:09pm
    Very well done, Greg. I wish you well.
    patti
    16th Aug 2020
    10:35am
    It's easy to take from the most vulnerable to prop up the rest of the country I guess. It may not be fair, but it is what it is. Just not sure how much more I can cut back though.


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