I think pensions are now indexed. It means we don't get the rises to the same extent but it should flow through to us. Tony
rockylizard said
07:32 PM Jun 1, 2018
snap1946 wrote:
i bet the pensioners dont get a 3.5 % rise
Gday...
Pensions are indexed to the CPI and it is applied each March and September.
It used to be indexed to AWE (Average Weekly Earnings) but Mr Hockey changed that back in the 2014 budget because it "was costing too much" - it has remained at CPI (the lower figure) since.
cheers - John
PeterD said
10:28 PM Jun 1, 2018
snap1946 wrote:
i bet the pensioners dont get a 3.5 % rise
Don't get what 3.5% rise Please explain?
Desert Dweller said
05:15 AM Jun 2, 2018
Mr Hockey's preoccupied doing some heavy lifting (his champagne glass) & can't come to the phone right now.
TheHeaths said
06:56 AM Jun 2, 2018
PeterD,
I think Snap is referring to the increase in minimum wage that was given the other day.
brickies said
07:14 AM Jun 2, 2018
Has a pensioner I am pleased to get what we get some people are never happy .
i bet the pensioners dont get a 3.5 % rise
I think pensions are now indexed. It means we don't get the rises to the same extent but it should flow through to us. Tony
Gday...
Pensions are indexed to the CPI and it is applied each March and September.
It used to be indexed to AWE (Average Weekly Earnings) but Mr Hockey changed that back in the 2014 budget because it "was costing too much" - it has remained at CPI (the lower figure) since.
cheers - John
Don't get what 3.5% rise Please explain?
I think Snap is referring to the increase in minimum wage that was given the other day.