Pension increase for Western Sydney veteran community
Veterans in Greater Western Sydney will receive a pension increase of up to $24.20 per fortnight from 20 March, Senator for Western Sydney, Marise Payne, announced today.
As part of the bi-annual pension increase, Senator Payne said the increase would help with the increasing costs of living.
“This increase will help put money back in the pockets of veterans and their families, and will also have flow-on effects for the economy in Western Sydney,” Senator Payne said.
As pension rates are calculated on a daily basis, the next pension paid after the increase (on payday 3 April 2014) will be paid partly at the old rate and partly at the new rate. The first full payment at the new rates of pension will be payday 17 April 2014.
Senator Payne said veterans in Western Sydney were just some of the 272,000 veterans, their partners, war widows and widowers across Australia to benefit from the increase.
Pensions are indexed twice a year in March and September, taking account of changes in the Consumer Price Index (CPI), the Pensioner and Beneficiary Living Cost Index (PBLCI) and Male Total Average Weekly Earnings (MTAWE).
A full list of pension rates are available on www.dva.gov.au or by calling 133 254 or 1800 555 254 from regional Australia.