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The Budget

Submitted by rlewis on 15 May, 2008 - 12:13.
Agedhealth For pensionable Seniors, the budget promised to index future pensions to the highest of three indicators, CPI, average national wage and a new cost of living index for seniors. It also increased a range of allowances such as gas/electricity/water and more, and made provision for another $500 grant. It seems to me that this is a good budget for seniors, for which we should be grateful. Now we need to have the government drill down into the next level issues of aged health care and housing, and come up with productive and affordable initiatives here as well. The facilitation of seniors employment for those who wish to work is also a growing national priority, as also an urgent review of the livable value of the base pension.[Editorial modified 19 May]



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Indexation
Submitted by desk hermit on 23 May, 2008 - 13:41.

The problem with indexation is no matter what indicator used the resulting increase is small because the base pension itself is also small.

Paying out all these allowances also means more money spent on public servants to administer them.

I don't see why pensioners living on thier own should be penalised just because they were once a couple or have chosen not to be. 


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