Pearce military superannuates to get fair indexation

Federal Member for Pearce Christian Porter today welcomed the introduction to Parliament of legislation that will deliver fair indexation to Defence Forces Retirement Benefits scheme (DFRB) and Defence Force Retirement and Death Benefits scheme (DFRDB) military superannuates, aged 55 and over.

Mr Porter said the introduction of this legislation honoured the Coalition Government’s pre-election commitment to fair indexation. 

“This legislation reflects the Government’s pre-election commitment to ensure that military superannuates aged 55 and over have their pensions indexed in the same way as age and service pensions, from 1 July 2014,” he said.

“This means that military superannuates in my electorate will benefit from increased pensions that better reflect cost of living pressures.

“If passed by Parliament, 57,000 military superannuates and their families will get the fair go they deserve.”

Mr Porter said the Government had also increased funding for veterans’ advocacy, welfare and pension support through the Building Excellence in Support and Training (BEST) program by $1million per year.

“This funding was cut by Labor in 2011 and will be restored by the Coalition Government,” Mr Porter said.

“Importantly, on 13 March 2014, the Minister for Veterans’ Affairs announced the formation of the Prime Minister’s Advisory Council on Veterans’ Mental Health to consider high-level and strategic issues, looking to identify gaps in available services and innovative approaches to address them.

“The Coalition Government is committed to the needs of veterans and their families and addressing the financial catastrophe left by the former Labor government.”