Pensions will be cut $100 a week over 10yrs - ACOSS

I've been wondering about the actual numbers involved with the Abbott plan to index pensions at a different rate; other than average weekly male earnings. In effect this would be a slow starving of pensioners over time. Nit picking a few $ that add up over ten years. ACOSS have figured it out, the position pensioners will be in in ten years time. About $100 a week worse off than under the current indexation. I simply can't imagine what it would be like to now try and live on $150 a week (after rent) instead of $250 a week as I do now, apparently living in too much luxury at the taxpayer's expense. 

"Similarly we strongly oppose cuts to incomes for people doing it the toughest in our community - people with physical and mental disabilities, carers, sole parents, and younger people struggling to get into paid work, people on the maximum rate of age pension, and minimum wage earners. 

"Pensions are already frugal and the proposed cuts to indexation, which would reduce the single pension by around $100 a week in decade's time, and payments for sole parents by around $75 a week should be rejected, as well as the excessively tough 75% income test for income support payments. more