Fair go promised for military superannuation pensions

Shadow Minister for Veteran’s Affairs Michael Ronaldson in discussion with people attending Federal Member for Forrest Nola Marino’s Community Veterans’ Affairs Forum

Federal Member for Forrest Nola Marino has told veterans and war widows living in her electorate they had her full support for a “fairer go” for their military superannuation pensions.

She was joined today by Shadow Minister for Veteran’s Affairs Michael Ronaldson at a community forum for veterans at the Bunbury RSL Hall.

“Our past and present service personnel, which includes those who put their lives on the line overseas, deserve financial security in their old age,” Mrs Marino said.

“They would have their military superannuation pensions indexed in the same way as aged and service pension.”

Mrs Marino said their current 0.1 per cent increase – compared to the 0.9 per cent increase for age and service pensions – was completely inadequate.

“I completely understand financial challenges facing retired military personnel and the latest increase does not meet rising electricity, gas, water, petrol and grocery prices.”

“Widows of superannuants would also benefit from the changes.”

There are hundreds of South West people who would benefit from the reforms.

Under the Coalition’s plan, DFRB and DFRDB military superannuants aged 55 and over will have their superannuation pensions indexed in the same manner as aged and service pensions.

The Coalition’s policy is held in high regard by the vast majority of Ex-Service Organisations and Veterans.

In Opposition, the Coalition introduced legislation into the Senate to address the current unfair indexation problem but it was defeated by Labor and the Greens by a single vote in June 2011.

Labor had no military superannuation policy at the last election. It continues to have no policy on military superannuation reform.