Date posted:
Police
pensions will be adjusted for the Consumer Price Index (CPI) –
Adelaide, and payable to members in pension payment due 04 April 2025.
The CPI adjustment period is from 1 October 2024 to 31 March 2025 (a total of 182 days). The CPI percentage has been calculated using the percentage variations between the preceding June 2024 to December 2024 periods as reported by the Australian Bureau of Statistics (ABS).
The percentage used to calculate the CPI depends on the:
- legislation in place as at the date the member’s pension commenced (or in the case of reversionary pension recipients, the date the original member’s benefits became payable)
- number of days the member has been in receipt of pension if less than the 182 day period
therefore, where a member’s pension commenced:
- before 1 June 1990 (under the repealed Police Pensions Act), pensions will be adjusted by 0.57 percent (CPI plus one third).
- after 1 June 1990 (current Police Super Act 1990), pensions will be adjusted by 0.43 percent (CPI only).
- on or after 1 October 2024, pensions will be adjusted by a proportion of 0.43 percent where the member has not been in receipt of pension for the preceding 182 day period. Members in this category will be entitled to the full CPI in October 2025.
Correspondence containing a member’s new gross pension and details will be posted Monday, 31/03/2025.
Centrelink & Veteran Affairs are automatically advised of each member’s pension adjustment as per Commonwealth legislative requirements.
