CPI adjustments to pensions are made each March and September.

That would explain my disappointment. Thank you.

does anyone know how the pension is worked out? in regards to the minimum wage - is it half of that or what

The single aged pension is 25% of Total Male Average Weekly Earnings. That is, they add up all monies paid to males - be they first year apprentices - through to the CEO's of big companies, and just average it out - so I believe.

Had a look at the Australian Bureau of statistics for the CPI figures for the March and June Quarters. March up 1.3% and June up 1.5%. That probably means we can expect a 2.8% increase in our pensions at the end of September. Don't get all excited - maybe they use a weighting figure to work out the pensions, and we'll get less than that!

Just took some time out, to figure it out - we might, just might get $6.25 per week, but as I said before, don't count on it to go out and live a riotous life. We may get less.

how about a submission to get 25% of PM's wage instead,am getting fed up with mince and sausages lol

My kids used to call it chewing meat - "Mum, can we have some chewing meat tonight?" Even with the CPI rise in Spetember, we won't be able to afford too much of that.

I think the September adjustment of "average male weekly earnings" is taken from the June quarter.

I don't know what the June figure was but February's was $1190

It's not the average for males, but the male total average weekly earnings - generally discounted by those who are apprentices, the number of males receiving Government income etc etc. The average weekly wage does not mean a thing.

Instead of wasting money on all the reviews and not getting a result until next budget. why not simply increase the percentage. Also get the appropriate minister to live with [ or as a ] pensioner for 2 weeks. I think they would get the message.

The single aged pension is 25% of Total Male Average Weekly Earnings. That is, they add up all monies paid to males - be they first year apprentices - through to the CEO's of big companies, and just average it out - so I believe.



I wish - if they did include the CEO's like for instance the bloke in charge of maquarie Bank - he is on 85 million per annum - then the pension would be a lot more like living in luxury. Even woolworth's and Coles CEO's get 3/5 million a year and Sol Treheo of Telstra got 13.4 million this year.



Also if the average wage was $1190 in Feb - then the single rate of pension should be a lot more than it is at 25% like $297 week instead of only $273 which is 23% and even worse the married rate at $228 a week is only 19.2%.



Interestingly the difference is growing every six months as they multiply the two amounts by percentages and no one is seeing how the gap is growing. Like 10% increase on wages of $1000 - $100 whilst the bloke on $100 a week gets only $10. Unions did try to get this back to dollars per week to be fair but of course the Tribunal are public servants and their rises on higher wage means by percentages they are widening the gap to the lower paid workers below them - chortle chortle glee - we're better paid can hear it now:)