New Rates Boost Veterans Pensions - Sa & Nt

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18th September 2009, 02:45pm - Views: 767





Government Government Department Of Veterans' Affairs 1 image






Parliament House Canberra ACT 2602 

Telephone 02 6277 7820  Facsimile 02 6273 4140

The Hon Alan Griffin MP

Minister for Veterans’ Affairs


VA084d


Friday, 18 September 2009 


NEW RATES BOOST VETERAN PENSIONS 


New pension rates will benefit some 30,000 members of the veteran community in South

Australia and the Northern Territory from this Sunday, 20 September, announced the Minister

for Veterans’ Affairs, Alan Griffin.


Mr Griffin said the new pension rates are part of the Australian Government’s Secure and

Sustainable Pension Reforms and will benefit more than 320,000 veterans Australia-wide.


“The increases to income support pensions, combined with the new Pension Supplement and

improved indexation, mean maximum rate single service pensioners will receive $671.90 a

fortnight and war widows/ers with income support supplement will receive $881.50 a fortnight,”

Mr Griffin said. 


“The new maximum rate for couples is $1,013.00 fortnightly, or $506.50 each.


“Our reforms are aimed at giving those pensioners who rely on income support a fair go now,

when they need it most, while improving the long term sustainability of the pension system.


“The Government is also simplifying the complex system of allowances and paying new

supplements fortnightly,” Mr Griffin said.


Indexation of income support has improved as the new Pensioner and Beneficiary Living Cost

Index (PBLCI) more realistically reflects the rise in cost of goods and services for pensioners. 

In the six months to June 2009, the PBLCI rose by 1.0 per cent.  The Consumer Price Index

rose by 0.6 per cent over the same period.


There is also a Work Bonus rewarding those of pension age who choose to continue to work.


“A letter is being sent to all pension recipients explaining how the pension reforms affect their

personal circumstances.  I encourage Veterans’ Affairs pensioners to read their letter carefully,”

Mr Griffin said.


“If any member of the veteran community has questions about their pension changes after

reading the letter, they can contact my Department’s special Pension Review team on



NB: Table of rates follows


Media inquiries only: Sasha Nimmo 0437 863 109




Government Government Department Of Veterans' Affairs 2 image


Pension

Old fortnightly rate

New fortnightly rate

Special Rate (TPI) Pension/

MRCA Special Rate Disability

Pension

$1,011.90

$1,022.10

Extreme Disablement

Adjustment 

$558.50

$564.10

100 per cent General Rate of

Disability Pension

$359.50

$363.10

Intermediate Rate Disability

Pension 

$686.60

$693.50

Service Pension – single

$569.80

$671.90*

Service Pension – couples

$951.80 couple

$475.90 each

$1,013.00* couple

$506.50* each

War Widows/ers Pension

$607.00

$679.00

Income Support Supplement

$170.20

$202.50*

*New rates include new supplements which replace allowances previously paid quarterly.  The new

Pension Supplement replaces, and incorporates the full value of the Utilities Allowance, Telephone

Allowance (at the higher internet rate), the GST Supplement and the Pharmaceutical Allowance.


Pension increases apply from 20 September, paid from pension day 24 September.  The

24 September pension payment will include the last quarterly payment of Telephone Allowance

and Utilities Allowance.  The first full payment of the new rates will be on 8 October.

Other reforms include a change to the income test taper rate.  Any pensioner who would

otherwise have had a reduction in their payment because of the changes will go onto a

‘transitional rate’ and will still receive a modest increase.  They will stay on the transitional rate

until they receive a higher payment under the new rules

The minimum pension increase is $20.20, however, with an increase of around 35 per cent in

the value of the stock market since March 2009, there may be an erosion of the amount for

some people.


The VVCS – Veterans and Veterans Families Counselling Service can be contacted 24 hours a day, seven days a

week on 1800 011 046.

To receive the Minister’s media releases automatically by email subscribe at minister.dva.gov.au/subscribe.htm






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