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Tuesday, 17 March 1987
Page: 843

(Question No. 1589)

Senator Reid asked the Minister for Finance, upon notice, on 10 December 1986:

Table 18 in the Annual Report of the Commissioner for Superannuation covering the year ended 30 June 1985 shows that retired Commonwealth employees receive superannuation pensions ranging from less than $1,000 a year and that a very large proportion of superannuitants are eligible for supplementary social security age pensions. In that context, to avoid disadvantage to those former Commonwealth employees from the recent reduction of 2 per cent in the annual superannuation adjustment as from 23 October 1986, will the Minister confirm that:

(a) there will be an immediate adjustment of the social security age pension supplement to offset the 2 per cent loss; and

(b) those superannuitants will also be entitled to the next half-yearly social security increases available to other age pensioners.

Senator Walsh —The answer to the honourable senator's question is as follows:

(a) Any adjustment to the age pension due to a variation in the amount of superannuation received is made automatically in the majority of cases. There are approximately 750 cases in the ACT where the age pension is adjusted manually on advice from the pensioner.

(b) The part age pension received by persons also in receipt of Commonwealth Superannuation Scheme pension will continue to be indexed on a twice-yearly basis.