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Labor's pension policy unveiled



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P A R L I A M E N T O F A U S T R A L I A

H O U S E O F R E P R E S E N T A T I V E S

2 BOYLE STREET SUTHERLAND, N.S.W. 2232 TEL. 521 6262

P R E S S R E L E A S E

February 16/1983

T H E H O N . LES J O H N S O N MHR FOR HUGHES ® OPPOSITION W HIP !

19/83

LABOR'S PENSION POLICY UNVEILED

The long delay in paying pension increases following price rises will receive priority attention from Labor Mr Les Johnson MHR for Hughes said this week.

He pointed out that under its Social Security Platform the Labor

Party is committed to pay the twice-yearly pension rises on the

basis of the immediate previous movement in the Consumer Price Index.

This meant that the present situation where pension increases are given four months after price rises occur will cease. As a result all pensioners would enjoy a higher level of purchasing power. . .

Mr Johnson said pensioners could also look forward to pension increases outside of price adjustments.

His Party which previously had raised the single pension from 20% to 24.5% of average weekly earnings would now lift it from its present level of 22% by another 3%.

Other highlights of Labor's Pension Policy are:-

• Restoration of a universal health insurance scheme providing free medical cover and free of means test hospital care.

• Indexation of all fringe benefits to prevent erosion of entitlements by inflation.

• Raising the pensioner tax threshhold.

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Pension Policy Unveiled cont.

P.2 15/2/83

e Instituting a home maintenance scheme for aged pensioners

• Expansion of the range of home services for elderly.

• Increased hostel and nursing home care.

• Introduction of indexed Retirement Income Bonds which will

be exempt from the pension income test.

Mr Johnson will supply copies of the new policy on request to his Sutherland office.