Sep 23, 2009

Increases on the way for Inner West pensioners

Increases on the way for Inner West pensioners

The Hon Anthony Albanese MP

The Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

September 23 2009

Member for Grayndler Anthony Albanese today announced that more than 18,000 age pensioners, disability support pensioners, carers, wife and widow pensioners and veteran income support recipients in the electorate of Grayndler will receive increased pension payments over the next fortnight.

The changes are part of the Australian Government’s Secure and Sustainable Pension Reforms, which will improve the pension’s adequacy, simplify the way it is delivered, and secure its sustainability for the future.

“These are the biggest changes to the pension in 100 years and will make a difference to the lives of local pensioners, people with disability and carers, many of whom are struggling financially,” said Mr Albanese.

A single pensioner on the maximum rate will receive an increase to the base pension, the new Pension Supplement, as well as recent indexation rises.

This brings the total increase for single pensioners on the maximum rate to $70.83 per fortnight, with total pension payments worth $671.90 a fortnight. Pension payments for singles are now set at two thirds of the rate paid to couples combined.

The total increase for couple pensioners combined on the maximum rate is now $29.93 per fortnight, bringing total pension payments to $1,013 per fortnight.

The new payments will be paid automatically into pensioners bank accounts on their regular pension pay date.

Anthony Albanese said the response from the local community had been positive.

“These reforms will deliver more adequate pension payments for the millions of vulnerable Australians who depend on the pension,” said Mr Albanese.

Full details of the changes are available at www.australia.gov.au/pensions