Veterans living in Curtin will benefit from the Government’s legislation to deliver fair indexation which was introduced into Parliament this week.
Federal Member for Curtin Julie Bishop said the introduction of this legislation gives effect to the Government’s long standing commitment to the veterans living in Curtin and Western Australia and will assist 148 Curtin veterans.
“The Government promised to deliver fair indexation to Defence Forces Retirement Benefit (DFRB) and Defence Force Retirement and Death Benefit (DFRDB) scheme superannuant. Our legislation today delivers on this promise”, Ms Bishop said.
“The Coalition promised fair indexation in 2010, and this commitment was restated before the last election. The introduction of this legislation today means that military superannuants and their families will finally get the fair go they deserve.”
From 1 July 2014, DFRB and DFRDB superannuants aged 55 and over will have their benefits indexed in line with age and service pension. As promised, the fair indexation provisions will also extend to reversionary (widow) pensioners aged 55 and over.
“Addressing fair indexation was an article of faith for the Abbott Opposition and will now be delivered by the Abbott Government,” Ms Bishop said.
“This Government has long recognised the unique nature of military service and the sacrifices military personnel and their families make on behalf of all Australians. Australia’s veterans have waited long enough for this reform.”