Pensioners are set to receive more money from the Government, with Superannuation and Veteran's Pension rates going up.
From April 1, those eligible for either payment will get a 2.73 percent increase, in line with the rise of the cost of living as based on the Consumer Price Index (CPI).
The rates are based on 66 percent of the average income.
Social Development Minister Anne Tolley says it will mean an extra $15.74 a week for a married couple, $10.23 for a single person living alone and $9.44 for a single person sharing accommodation.
The Government passed legislation in 2011 tying the rate to the CPI, excluding the rise in tobacco excise tax.
Rates for main beneficiaries and those getting the student allowance with dependent children will also rise by $25 a week after tax as announced in last year's Budget.
Working for Families rates are also set to go up by up to $12.50 for low income working families and $24.50 for very low income working families.
Newshub.
