Posted 16/04/2014 by Michael Klapdor
In the lead-up to the Coalition Government’s first Budget, speculation has focused on possible changes to the age pension, including adjusting the way pension rates are indexed. Indexation is a complex and important component of the Australian social security system but one that is often misunderstood. The following provides an explanation and brief history of indexation.
How pension rates are adjusted
Currently, pensions (including the Age Pension, Service Pension, Disability Support Pe... Read more...
TAGS: pensions,welfare policy,welfare reform,social security