Pensioners will receive their first carbon price compensation on Monday.
Prime Minister Julia Gillard says single pensioners will receive a one-off payment of $250 and couples $380. The amounts apply to full and part pensions.
“This assistance is there to help people with the flow-through impact of putting a price on carbon,” Ms Gillard told reporters in Canberra on Sunday.
From March next year, single pensioners will receive an extra $338 each year, paid at the same time as their normal pension. Couples will receive an extra $510.
Ms Gillard said millions of pensioners will be better off.
Compensation worth $707 million will be paid to pensioners before the carbon price starts on July 1.
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