Bill
Defence Force Retirement Benefits Legislation Amendment (Fair Indexation) Bill 2014
passed, as at 2014-04-09. Veterans’ Affairs portfolio.
- Sponsor
- Not recorded
- Portfolio
- Veterans’ Affairs
Recorded stages
- introduced — 2014-03-20
- second reading — 2014-03-20
- second reading — 2014-03-25
- second reading — 2014-03-25
- third reading — 2014-03-25
- introduced — 2014-03-26
- second reading — 2014-03-26
- second reading — 2014-03-27
- second reading — 2014-03-27
- third reading — 2014-03-27
- passed — 2014-03-27
- royal assent — 2014-04-09
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2014-03-20.
The bill would change how certain military retirement pensions are increased each year for pensioners aged 55 or older.
From 1 July 2014, those pensions would be indexed using the same method as age and service pensions, comparing consumer price index, living cost index and male total average weekly earnings.
The new indexation would apply to DFRB and DFRDB retirement, invalidity and reversionary pensions, but not to child and orphan pensions.
- Indexes DFRB and DFRDB pensions for recipients aged 55 or older from 1 July 2014.
- Uses the age and service pension indexation method instead of the current CPI-only method.
- Applies to retirement, invalidity and reversionary pensions, but excludes child and orphan pensions.
Defence Force Retirement Benefits and Defence Force Retirement and Death Benefits pensioners aged 55 or older, including surviving spouses and associates from family law splits.
Sources
em
billhome
frl act