Centrelink boost of $4000 coming for thousands of Australians
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Anthony Albanese’s government is giving a $4,000 cash boost to thousands of Aussies on Centrelink
Retirees can pick up extra shifts and earn some extra money before Christmas without losing their benefits.
New laws increase the amount they can earn by $4,000 to $11,800 from December 1 through the end of 2023 before their retirement begins to taper off.
It will benefit more than 50,000 retirees in the workforce.
The new laws also remove the need to reapply for their payment for up to two years if they exceed the income limit.
At the moment, the pension is stopped after three months of exceeding the income limit.
More than 50,000 pensioners will benefit from a change in their benefit that will increase their earnings
Social Affairs Minister Amanda Rishworth said the changes would help address the crippling labor shortage.
“Older workers are an untapped market, which employers can provide with years of knowledge and skills,” she said.
“Giving older Australians the choice to enter the workforce will not only benefit them, it is an important step towards tackling Australia’s labor shortage.”
Eligible retirees don’t have to do anything, the raise will automatically be credited to their income bank, allowing them to earn an additional $4,000 in employment income from December 1, 2022 to December 31, 2023.