Pension news for those retiring in NZ.
Superannuation increase in Budget
4:33PM Thursday May 22, 2008
From October 1 net superannuation would increase, with a married couple getting $45.88 a fortnight more with $23.84 for a single person living alone, Senior Citizens Minister Ruth Dyson said.
The increase was additional to annual adjustments.
Other benefits for the elderly included the pre-announced gains New Zealand First won through its confidence and supply agreement with the Government.
They included free off-peak travel on public transport costing $72m over four years and $18m over the same period for an increase in the hearing aid subsidy.
Benefits that could help grandparents included a $24.6m boost to lift the unsupported child's benefit to match foster care allowances from April next year.
There was $446.5m to fund services for vulnerable families and youth which would include elder abuse and neglect services.
- NZPA
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