Post by Banker on Feb 15, 2011 16:25:06 GMT 7
Interesting article from SMH :
The good news for pensioners is they get a choice. Their payments are adjusted twice a year in line with either the CPI, the pensioner living-cost index or male total average earnings, whichever has increased the fastest.
First I have heard of this.
www.smh.com.au/business/livingcost-rises-outpace-inflation-20110214-1atnp.html
The good news for pensioners is they get a choice. Their payments are adjusted twice a year in line with either the CPI, the pensioner living-cost index or male total average earnings, whichever has increased the fastest.
First I have heard of this.
www.smh.com.au/business/livingcost-rises-outpace-inflation-20110214-1atnp.html