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Pension increase
On 25th October 2006 the Australian Bureau of Statistics announced a CPI change of 2.5% for the March 2006 to September 2006 period. To arrive at that figure, the following calculation was made:
(Sep 2006 CPI number) - (March 2006 CPI number) × 100 |
= |
CPI change |
(March 2006 CPI number ) |
(March to Sep 2006) |
|
(155.7 - 151.9) × 100 |
= |
2.50164% |
151.9 |
||
= |
2.5% (when rounded to the nearest tenth of one per cent) |
Thus, on payday 4 January 2007, the part of your superannuation pension that is subject to CPI pension increases will be increased by 2.5%
If you want to know more about how the CPI rate was determined, please contact the Australian Bureau of Statistics.
If you want more information about your pension call 1300 001 777.