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) Increase

On the first pay day in June and December each year, your pension payments increase in accordance with positive movements in the Consumer Price Index (CPI) for all capital cities. CPI adjustments are made six months retrospectively (i.e. the CPI increase for June 2019 is based on the period from July to December 2018).

How much is the latest increase?

For the period 1 January 2019 - 30 June 2019, the CPI increased by 0.61%.

  • Effective from 29 November 2019
  • Paid on payday 12 December 2019

If you commenced your pension between February and June 2019, you may receive a partial CPI increase to your pension (refer to the table below).

Pension pro-rata increases

Month pension commenced Fraction of increase applied Actual increase applied
June 2019 1/6 0.10%
May 2019 2/6 0.20%
April 2019 3/6 0.31%
March 2019 4/6 0.41%
February 2019 5/6 0.51%
January 2019 (or prior)  6/6 0.61%

Pensioners who commenced their pension after 30 June 2019 may not receive an increase.

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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