Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Coalition delivering on election commitment for North Coast military superannuants



Download PDFDownload PDF

Luke Hartsuyker MP Assistant Minister for Employment Federal Member for Cowper

MEDIA RELEASE

20 March 2014

Coalition delivering on election commitment for North Coast military superannuants

Federal Member for Cowper Luke Hartsuyker today welcomed the introduction of legislation which will deliver fair indexation to the Defence Forces Retirement Benefits scheme (DFRB) and Defence Force Retirement and Death Benefits scheme (DFRDB) for military superannuants aged 55 and over.

“This legislation delivers another key Coalition election commitment,” Mr Hartsuyker said.

“Approximately 57,000 military superannuants and their families will benefit from fairer indexation which brings it in line with the age pension.

“In 2012 current Veteran’s Affairs Minister Senator Michael Ronaldson held a veteran’s forum in Coffs Harbour and signed a pledge to change the way these funds are administered and today’s introduction of the legislation delivers on that commitment.

Under the changes contained in the Defence Force Retirement Benefits Legislation Amendment (Fair Indexation) Bill 2014, age and service pension indexation methodology will apply from 1 July 2014 to DFRB and DFRDB superannuants aged 55 and over.

As promised, the fair indexation provisions will also extend to reversionary (widow) pensioners aged 55 and over.

“The Coalition has long recognised the unique nature of military service and the sacrifices military personnel and their families make on behalf of all Australians.

“The Government’s resolve to introduce our fair indexation policy reflects our unwavering commitment to support veterans and their families.

“By introducing this legislation today, the Government is doing the right thing by those who have served. Unlike the Labor Party, what we promise, we deliver.”

“It is now up to Labor to support this legislation and give veterans the fair go they deserve,” Mr Hartsuyker said.

ENDS

Media Contact: Greg Pierce 02 66 52 62 33 0408 532 785 Email:greg.pierce@aph.gov.au Canberra: 62 77 4447