- Age of aged pension to be raised to 67
- Single pension to rise by $32.49 a week
- Pension for couples to rise by $10.14 a week
People will be working until they are 67 to pay for the Federal Government's $14.2 billion reform of the pension system.
Under the changes, the pension for single people will be raised by $32.49 a week, while couples will have their pensions increased by $10.14 a week.
The changes cover not only the aged pension but the disability support pension, the carer payment, the veterans' pension and the war widows' pension.
The decision follows months of campaigning by pensioner groups which argued that single people were finding it difficult to survive.
This finding was borne out by the Harmer review, which found that the single pension did not reflect the extra costs faced by people living alone and they needed a permanent increase rather than occasional one-off bonus payments.
