Pension increase flagged for next budget

By Jessica Stanic · 27 April 2009 · Locked

Pension Hike on the Horizon?

Treasurer Wayne Swan hints at a boost to the aged pension in the upcoming federal budget, but what exactly does this mean for retirees? Find out what's in store for seniors in the next budget.

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Summary

Treasurer Wayne Swan has hinted at a possible boost to the aged pension in next month’s federal budget. The Federal Government is considering increasing the single aged pension by $20 a week, along with boosting unemployment benefits. Swan told Network Ten that the Government have recognised there is a problem with the current base rate […]