CSS and PSS pension increase from July 2019

The following information has been provided to SCOA.  It was not included in the recent May issue of SuperTime for technical reasons.

The CPI figures for the March 2019 quarter are as follows:.

  • CPI increase for the 12 months to 31 March 2019 is 1.3%
  • CPI increase for the 6 months to 31 March 2019 is 0.5%
  • CPI increase for the 3 months to 31 March 2019  is 0.0%

The percentage increase calculations are based on the following CPI numbers:

    • March 2018              112.6
    • June 2018                 113.0
    • September 2018      113.5
    • December 2018        114.1
    • March 2019               114.1

This means that CSS and PSS indexed pensions will increase by 0.5% on pension payday 4 July 2019.

As SCOA Australia will close by 30 June 2019, please contact the Commonwealth Superannuation Corporation regarding all aspects of your CSS or PSS pensions including  future pension adjustments.

Canberra, 4 June 2019.