Defence Forces Retirement Benefits (Pension Increases) Act 1961

The Defence Forces Retirement Benefits Act 1961 provides for increases in pensions payable to certain military personnel who have completed a specified number of years' service. The Act sets out various rates of pension per annum, corresponding to different ranks and periods of service. For example, permanent officers in the Permanent Naval Forces are entitled to a minimum rate of pension from the completion of 4 years' service, with incremental increases for longer periods of service.

The Act also provides for special provisions relating to certain classes of personnel, including those promoted from warrant rank or branch rank. These individuals are eligible for higher rates of pension, reflecting their increased level of seniority and experience.

Overall, the Defence Forces Retirement Benefits Act 1961 aims to provide financial security and stability to military personnel who have served in the Australian Defence Force. By setting out clear guidelines for pension entitlements, the Act seeks to ensure that those who have dedicated years of service receive a fair and just reward for their sacrifices and contributions to national service.