Benefit and Super increases to more than a million Kiwis

Peseta Sam Lotu-Iiga, local MP for Maungakiekie, is pleased that the Government’s increase to beneficiaries, students and Superannuants will help more than one million New Zealanders.

“We’re committed to making sure that people who rely on government support get a fair deal, particularly given the current economic climate.” Lotu-Iiga says.

The increase keeps benefits and pension rates in line with the cost of living, which is measured using the Consumers Price Index. For the year ending 31 December 2009, the Consumer Price Index increased by 1.96 per cent.

“New Zealand Super and Veterans’ payments will actually be increasing by more than 2 per cent, keeping them at 66 per cent of the net average weekly wage,” Lotu-Iiga says.

“Currently the Government is only required to keep these payments at 65 per cent of the net average wage. National promised to maintain them at 66 per cent, and we’re sticking to that promise.”

A married couple both receiving New Zealand Superannuation will receive an increase of $11.04 a week, taking their payments to $489.42.

“As well as benefits and Super payments, the increase will apply to foster care allowances, student allowances and loans, and the income thresholds for the Community Services Card,” Lotu-Iiga says.

“The increases mean that New Zealand will be spending an additional $240 million a year on benefits and pensions.

“The National-led Government is committed to a fair system for the people who need it.”

Further information about the increases to benefit rates, NZ Super, Veterans’ Pensions and student allowances can be found at http://www.beehive.govt.nz/release/million+kiwis+get+increased+payments
ENDS

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