ALL of the 21,600 locals currently on Age Pensions are set to get a boost, after the Coalition Government announced there would be another rise in their payment rates.
The rise will see Single Age Pensioners now receive an increase of $5.90 boost per fortnight or $153.40 a year, while couples will receive an extra $8.80 per fortnight or $228.80 a year.
The increases to the Age Pension will mean the maximum Age Pension will rise to $860.20 a fortnight for single pensioners and $1,296.80 for couples.
Federal Member for Murray, Dr Sharman Stone said, “The Age Pension and other social services payments are being increased to keep up with the rising cost of living. Other payments include the Newstart Allowance, Parenting Payment Partnered, Widow Allowance, Partner Allowance and Sickness Allowance.
“All of these payments have increased with the Consumer Price Index instead of the Male Total Average Weekly Earnings, which would have seen single pensioners $22.40 worse off per fortnight and couples $33.60 worse off since the last Federal Election.”
For further information regarding pay increases, visit https://www.dss.gov.au/about-the-department/benefits-payments