Senator Seselja today welcomed the passage through the Senate of the indexation of military pensions – delivering on the Coalition Government’s election promise to 57,000 military superannuants and their families.
Thousands of veterans living in the ACT will benefit from the Government’s legislation which delivers fair indexation.
Senator Seselja today welcomed the passage of the Defence Force Retirement Benefits Legislation Amendment (Fair Indexation) Bill 2014 through the Senate, giving effect to the Government’s commitment to give veterans a fair go in Canberra and across Australia.
“Thursday 27 March 2014 is a day for fairness. Today, the Government fulfilled its pledge to give veterans a fair go. We made a promise and we have kept it to the letter”, Senator Seselja said.
From 1 July 2015, Defence Forces Retirement Benefits scheme (DFRB) and Defence Force Retirement and Death Benefits scheme (DFRDB) military superannuants aged 55 and over will have their pensions indexed in the same way as age and service pensions. The fair indexation provisions will also extend to reversionary (widow) pensioners aged 55 and over.
“This has been a long fought campaign for equity, justice and fairness, by the entire veteran community across Australia. The Coalition promised our veterans a fair go before the 2010 and 2013 elections and now we have delivered our promise.”
“I met with many veterans’ groups over the last six months and they all raised this issue. I am proud that the Coalition has listened to their concerns and resolved this inequality.”
“By passing this legislation today, veterans and their families have finally been delivered the fair go that they deserve, and that they were promised”, Senator Seselja concluded.