Indexation of pension rates from 20 September 2022
Veterans’ pensions were increased from 20 September 2022 following the latest round of indexation adjustments.
Pension recipients including veterans, their partners, war widows and widowers will have seen an increase in their pension from the payday on 6 October 2022. The payday on 22 September 2022 is not affected as it reflects pension entitlements for the period 6 September to 19 September 2022.
The maximum rate of single Service Pension has risen by $38.90 to $1,026.50 per fortnight and the maximum rate for couples has increased by $29.40 to $773.80 per fortnight (each).
The Special Rate of Disability Compensation Payment (TPI payment) has increased by $59.90 to $1,578.70 per fortnight. Extreme Disablement Adjustment (EDA) has increased by $33.20 to $872.70 per fortnight and the 100% General Rate of Disability Compensation Payment has increased by $21.30 to $561.40.
The pension paid to war widow(er)s has increased by $39.60 to $1,044.30 per fortnight, while the ceiling rate of the Income Support Supplement has risen to $309.60 per fortnight.
Payments have also increased for benefits under the Military Rehabilitation and Compensation Act 2004 (MRCA). The weekly MRCA wholly dependent partner payment has increased by $19.80 to $522.15. This is paid as a fortnightly amount of $1,044.30.
The indexation factor used to index pensions each March and September can be based on either the Consumer Price Index (CPI), the Pensioner and Beneficiary Living Cost Index (PBLCI) or Male Total Average Weekly Earnings (MTAWE). For 20 September 2022, the indexation was driven by CPI.
For a full list of pension rates please visit the DVA Payments Rates page.
More information on the new pension rates is available from DVA on 1800 VETERAN (1800 838 372).