Pensioners in Australia, including about 72,000 Greek-born age pension recipients, are $51.80 per fortnight better off for singles and $78 per fortnight for couples following a further rise in the age pension, Senator Concetta Fierravanti-Wells said.
Senator Fierravanti-Wells, the parliamentary secretary to the minister for social services, said age pensioners deserved our support.
“And once again the age pension is going up under the Coalition government,” she said.
“The latest indexing of the age pension coming into effect today will give single age pensioners, including those in the Greek Australian community, a $5.90 boost to their fortnightly payments, or $153.40 a year, while couples will receive an extra $8.80 a fortnight, or $228.80 a year.
“These increases will see the maximum age pension rise to $860.20 a fortnight for single pensioners and $1,296.80 for couples.
Full details of all rates and thresholds indexed today can be found at: www.dss.gov.au/about-the-department/benefits-payments