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Thursday, 30 June 2011

Bonus scheme offers further incentives for working veterans

From 1 July 2011 additional incentives will apply for veterans, war widows and widowers over the relevant pension age to remain in the work force.

From 1 July 2011, changes to the Work Bonus Scheme will mean that the first $250 per fortnight of income earned by eligible service pensioners, income support supplement recipients and age pensioners paid by the Department of Veterans’ Affairs, will be excluded from the income test.
Any unused amounts of the $250 exemption will accrue in a Work Bonus Bank, up to a maximum of $6,500, which can then be used to offset future employment income.
“This Scheme is about supporting members of the veteran community to take-up some paid work or return to the work force, if they choose to, and alleviating concerns about how the extra income will affect their pension,” Mr Snowdon said.
To be eligible, an income support pensioner must be of relevant pension age or over and be receiving employment income. Work can be casual or permanent, part time or full-time or any variation.
Mr Snowdon said the Australian Government is committed to supporting initiatives that improve the financial welfare of Australia’s veteran community.
“The Work Bonus Scheme was one of the improvements the Government made as part of its Secure and Sustainable Pension Reform package introduced in 2009,” he said.
“Paid work is a great way to supplement the pension and also has knock-on social benefits – helping veterans to get out and about and meet new people. I encourage veterans thinking of taking up some paid work, to learn more about how this Scheme can benefit them.”
For more information on the Work Bonus Scheme or the Work Bonus Bank visit the factsheets page on the DVA website

Thursday, 16 June 2011

MEC Health Manual

Defence have released the new 'Health Manual Vol 3 Retention Standards'.

This gives an in depth view of recent changes to the Medical Employment Classification System (MECS) and explains the new MEC codes. This will be of interest to those of you processing MRCA claims.

It can be viewed/downloaded from the Downloads page. (click the Downloads link above)