Pensioner and senior cardholders in Queensland are set to lose vital concessions.
Pensioner and senior cardholders in Queensland are set to lose vital concessions in the wake of the state budget. The state government has included cuts to seniors concessions following the Federal Government’s decision to no longer honour the National Partnership Agreement on Certain Concessions for Pensioner and Seniors Card Holders. This withdrawal of federal funding will cost the Queensland Government approximately $50 million, representing 15 per cent of the monies required to fund the specific senior concessions. The Queensland Government has not yet fully spelt out which concessions will be changed, but those affected are likely to include pensioner rates subsidies, electricity, gas and water rebates, car registration rebates and rail concessions. It will advise the finer detail by 1 October.
Read more at ABC News.
How will this affect you?
Whilst it is by no means guaranteed that Joe Hockey’s budget changes to pension age or indexation of the Age Pension will pass the Senate, state governments are already responding to the proposed shifting of costs, particularly in the area of seniors’ concessions. Whether a full Age Pensioner, or self-funded retiree, many older Australians view their concessions as a significant means of income support. So the message from state governments that these entitlements are now on the chopping block is tough. When your main income stream barely covers rent and food, a hike in your power bills and transport costs can be a major blow.
What do you think? Whose fault are these cuts? Has the Queensland Government been forced into cutting these concessions? Or should it have simply found the extra money? How will you be affected?