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Thursday, 16 September 1971
Page: 1506

Dr Klugman asked' the Treasurer, upon ' notice:

(1)   Has he -received- a request from the - Superannuated Commonwealth Officers' Association asking for an immediate adjustment in their

pensions based on the notional salary operating on 30th June 1971.

(2)   When was the last adjustment made to these pensions.

(3)   What would be the cost in the financial year 1971-72 of making the proposed adjustment.

Mr Snedden - The answer to the honourable member's question is as follows: (1), (2) and (3) The Superannuation (Pension Increases) Bill 1971 that was introduced into the House of Representatives on 19th August 1971 makes provision for increases in existing pensions payable under the Superannuation Act 1922-1971. The Bill provides for the increases to be calculated by the notional salary method using an adjustment date of 30th June 1971. The same method was used when increases were last oran tol

in 1967. The estimated cost of the increases in 1971-72 is$9m.

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