SOCIAL SECURITY CONTRIBUTIONS, MINIMUM PAYMENTS AND PENSION AGE INCREASED

Social Security pensioners will be receiving an increase in their minimum monthly payments as of New Year’s Day, 2025. There will also be increased rates for contributions as part of the Social Security Board's efforts to ensure it can continue honouring its obligations to beneficiaries. ABS News sought an update from Director of the Board, David Matthias. Patrice martin reports.