Pension Members

Pension members - this section is just for you. Here you will find information to help you manage your pension and enjoy your retirement.

Consumer Price Index (CPI) adjustment

In June and December each year we adjust your pension in line with any increase in the Consumer Price Index (CPI) as calculated by the Australian Bureau of Statistics (ABS). The December review is based on CPI for the period 1 January 2020 to 30 June 2020. This year, due to the economic downturn, the CPI rate over this period was negative.

We're pleased to inform you that the rules of your pension mean that your pension will not reduce when there is a negative CPI rate. It won't increase until there is an increase in CPI.

Information about the next applicable CPI rate will be provided by the ABS in the new year and calculated based on the period 1 July 2020 to 31 December 2020. When this information is available to us we'll let you know the next CPI rate.

Are you enjoying your retirement?

Moving into retirement is a big change! Some people love it, but you may be finding it tricky to adjust.

Whether you have taken to retirement easily, or whether you are finding it challenging, you should read through our Retirement Life Stages section. This section is based on research of our members, and describes four distinct life stages throughout retirement.

We have gathered some information and suggestions to help you make the most of each retirement stage. The information is not just about your finances, but your health and wellbeing too - the most important part of your retirement lifestyle.

Retirement life stages

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