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Post Info TOPIC: pensions
snap1946


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pensions
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i bet the pensioners dont get a 3.5 % rise



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Eaglemax


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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



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rockylizard


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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



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PeterD


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snap1946 wrote:

i bet the pensioners dont get a 3.5 % rise

 Don't get what 3.5% rise Please explain?



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PeterD
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Desert Dweller


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Mr Hockey's preoccupied doing some heavy lifting (his champagne glass) & can't come to the phone right now.

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TheHeaths


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PeterD,

I think Snap is referring to the increase in minimum wage that was given the other day.

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brickies


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Has a pensioner I am pleased to get what we get some people are never happy .

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