SOCIALSECURITY.pdfVIP

SOCIAL SECURITY Maintain the single rate of pension at 25 per cent of male total average weekly earnings Function: Social Security and Welfare Financial Implications ($m) 1997-98 1998-99 1999-00 2000-01 Social Security 57.3 409.2 639.6 942.3 Veterans Affairs 6.5 41.0 59.9 87.3 TOTAL 63.8 450.2 699.5 1,029.6 Note: In the 1996-97 Budget provision was made in the Forward Estimates for this measure by inclusion of the estimated effects in the Contingency Reserve. Explanation Currently the Social Security Act 1991 and the Veterans Entitlement Act 1986 include provision for the indexation, on the b