Labor candidate for Bendigo, Lisa Chesters, today welcomed the Labor Government’s boost to the household budgets of about 3.5 million Australian pensioners this month with an increase in the pension and the start of the new Clean Energy Supplement.
From 20 March, single pensioners on the maximum rate will receive an extra $35.80 per fortnight. Pensioner couples on the maximum rate will receive an increase of $54.00 per fortnight combined.
With the increase, total pension payments for people on the maximum rate will be:
• $808.40 a fortnight for singles, and
• $1,218.80 a fortnight for couples combined.
“This increase also applies to people receiving the maximum rate Disability Pension and Carer Payment, as well as veterans’ income support recipients,” Ms Chesters said.
“I know from talking to pensioners that times are tough. Their dollar does not stretch as far today as it did a decade ago. Going out for coffee and cake can be a luxury for some on the pension.”
“That’s why this Government has delivered the biggest boost to the pension in more than a century, improved the indexation system and provided another pension increase with the new Clean Energy Supplement.”
“Increasing pensions is the right thing to do. Pensioners have spent their working lives building up this great nation. It’s only right that they have the means to live a good life.”
“Further still, any increase in the pension will be spent in local shops and on services and this is good news for local traders,” Ms Chesters said.
The new Clean Energy Supplement, which is part of the Household Assistance Package, will be paid fortnightly from 20 March along with the pension, at a rate of $13.50 per fortnight for singles and $20.40 a fortnight for couples combined.
Full details of all rates and thresholds to be indexed on 20 March can be found at www.humanservices.gov.au