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Aged pension: Pensioners denied payment increase – NEWS.com.au
Pensioners denied payment increase
There will be no increase on the pension this September, forcing those reliant on the payment to wait until March 2021 for a potential boost, the Department of Social Services revealed on Tuesday. Speaking to a parliamentary committee, DSS deputy secretary Nathan Williamson said inflation had gone backwards, meaning if the payment was indexed as it usually is on September 20, there would be a drop in the amount.
“Based on the calculation for indexation, if it’s negative, we don’t reduce the pen…
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