House debates

Thursday, 5 March 2015

Questions without Notice

Intergenerational Report: 2015

2:34 pm

Photo of Jenny MacklinJenny Macklin (Jagajaga, Australian Labor Party, Shadow Minister for Families and Payments) Share this | Hansard source

My question is to the Prime Minister. I refer to page 69 of the Intergenerational report which assumes pension indexation will switch from CPI to the higher average weekly earnings in 2028-29. From that year pensions would be higher than under the Prime Minister's CPI adjustments. Will the Prime Minister now admit that pensioners will be worse off for 12 years because of his cuts to pension indexation? You cannot say no, there is a graph in the book.

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