Pensioners in Pearce are $58.60 per fortnight better off for singles and $88.20 per fortnight for couples since the Coalition Government was elected, following a second increase to the age pension this year.
Federal Member for Pearce, Christian Porter, said that the latest indexing of the age pension, which came into effect on 20 September 2015, would give single age pensioners in Pearce a $6.80 boost to their fortnightly payments ($176.80 p.a) while couples will receive an extra $10.20 a fortnight ($265.20 p.a).
“These increases will see the maximum age pension rise to $867 a fortnight for single pensioners and $1,307 for couples combined,” Mr Porter said.
“The increases are in addition to the increase pensioners received from the abolition of the Carbon Tax and the Coalition Government’s decision to retain the Carbon Tax compensation of $14.10 per fortnight for single pensioners and $21.20 for couples.
“When these measures are taken into account pensioners in Pearce are effectively $72.70 better off per fortnight for singles and $109.40 better off for couples since the election.
“In addition, more than 170,000 pensioners with modest assets will have their pensions increased by an average of more than $30 per fortnight as part of the Coalition Government’s plans for fairer access to a more sustainable pension, which will come into effect in January 2017.
“However, this increase was and still is opposed by Labor – further exposing the false and hypocritical scare campaign from Labor and Bill Shorten who claim that the age pension has been cut.
Under the Coalition Government, pension rates are adjusted twice a year, in March and September, in line with growth in prices and wages.
Mr Porter said that the latest boost reflects the Coalition Government’s understanding of the importance of helping pensioners keep up with the cost of living.
“I am pleased to be part of a Government that is delivering these increases to help pensioners in Pearce keep up with the cost of living.
“Our focus in this space is ensuring that our welfare system looks after those who need it most and that this assistance is sustainable into the future.
“Labor has no plans and no vision to secure and improve the pension – Labor only has a plan to scare pensioners in Pearce, causing unnecessary and unfounded anxiety.”
The Newstart Allowance, Parenting Payment, Widow Allowance, Partner Allowance and Sickness Allowance will also increase as a result of the March indexation.