Consumer Price Index (CPI) Adjustment to Pensions
How the CPI affects your pension
On the first payday in January and July each year, we adjust your pension in line with the CPI.
The CPI takes into account a range of factors as set by the Australian Bureau of Statistics (ABS). This includes the price of food, clothing, housing, health and transportation.
Once the ABS releases the CPI figures, we can determine whether your pension is due for an increase. If the CPI rises and exceeds the previous September or March CPI figure (we use the highest CPI figure in this calculation), we increase your payment. If the CPI falls or stays the same, your pension will not change.
On payday 14 January 2010, your super pension increased because the September 2009 CPI figure exceeded the September 2008 CPI figure.
