Not exact matches
10 percent dosesn't seem too much to me as the
pension recipient age increases.
It is based on the
age of the
recipient at commencement of the
pension, the level of reversion and the level of indexation.
The primary difference is that a potential SSI
recipient has access to the funds in a defined contribution plan, but a participant in the defined benefit plan has no access to the
pension until attaining a specific
age.
The
age pension (where applicable) will continue to be paid for the remainder of the
recipient's life.
3) Providing a top - up disability benefit to retirement
pension recipients under the
age of 65 who are disabled and meet eligibility requirements; and
Redesigning the income management measures so that disability support
pensions or
age pensions are no longer being automatically income - managed, unless the
recipient is determined to be a vulnerable welfare payment
recipient.