Pensioners are getting a bump to their fortnightly payments. Picture: Mark Brake \/ NewsWire <\/p>\n
Social security payments will rise across the board next month, with Australia\u2019s pensioners set to benefit the most.<\/p>\n
Welfare payments are indexed twice a year \u2013 once in March and once in September.<\/p>\n
The point is to make sure they keep pace – or at least try to – with changes in cost of living and wages.<\/p>\n
From September 20, people on the Age Pension, Disability Support Pension and Carer Payment will get up to $29.70 more in their fortnightly payments.<\/p>\n
While it might not go too far at the supermarket, it does mean those pensions have risen by almost $5000 since Labor won government in 2022.<\/p>\n
Pensioners are getting a bump to their fortnightly payments. Picture: Mark Brake \/ NewsWire <\/p>\n
Social Services Minister Tanya Plibersek said on Wednesday the Albanese government \u201cwants to help take the pressure off when it comes to cost of living\u201d.<\/p>\n
\u201cSocial security recipients are also benefiting from tax cuts, cheaper medicines, energy bill relief, cuts to student debt and a whole range of other cost-of-living measures we\u2019ve delivered since coming into government,\u201d she said in a statement.<\/p>\n
Social Services Minister Tanya Plibersek says Australia\u2019s \u201csocial security system must be grounded in fairness\u201d. Picture: Monique Harmer \/ NewsWire <\/p>\n
\u201cThe social security system must be grounded in fairness, which is why we adjust supports as the economy changes.<\/p>\n
\u201cWe\u2019ll continue to make sure the system is there to support those who need it most, ensuring that everyone can make ends meet and no one gets left behind.\u201d<\/p>\n
Indexation for pensions are based on a few different measures, including the Consumer Price Index and male total average weekly earnings.<\/p>\n
People receiving rent assistance, JobSeeker, ABSTUDY and parenting Payments are also getting a modest boost.<\/p>\n","protected":false},"excerpt":{"rendered":"Pensioners are getting a bump to their fortnightly payments. Picture: Mark Brake \/ NewsWire Social security payments will…\n","protected":false},"author":2,"featured_media":82931,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,10262,25344,133,49732,42133,20495,131,132,2438,49731,49733],"class_list":["post-82930","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-cost-of-living","tag-disability-support-pension","tag-finance","tag-mark-brake","tag-newswire","tag-pensioners","tag-personal-finance","tag-personalfinance","tag-social-security","tag-tanya-plibersek","tag-welfare-payments"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/82930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=82930"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/82930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/82931"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=82930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=82930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=82930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}