State government to protect pensioners from Federal budget
NSW pensioners will be partly protected from cuts in the Federal Budget with the NSW Government promising to cover the cost of pension concessions axed by Federal Treasurer Joe Hockey last month.
Ballina MP Don Page said the State Government would pump an extra $107 billion into concessions in the upcoming NSW budget to continue discounts on public transport fares, power and water bills, council rates and vehicle registration.
The $107 million covers the cost of pensioner concessions for the 2014/15 financial year.
"The NSW Government is not in the business of creating problems for struggling pensioners and remains strongly opposed to the Commonwealth's termination of the concession agreement, which has been in place since 1993," Mr Page said in a statement.
"I can confirm today this year's NSW Budget will not burden those on fixed incomes with an increase to the cost of living."