Pensions Won’t Fall but Might Not Increase, Australian Finance Minister

Australian Finance Minister Mathias Cormann arrives at G-20 plenary during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. Yuri Gripas/Reuters

Pensioners may not receive a boost to their payments later this year after all, with the finance minister only promising the benefits won’t go backwards.

Pensioners won’t get the automatic boost they are used to in September because inflation has fallen.