Parliamentary Retiring Allowances (Increases) Act 1967

The Parliamentary Retiring Allowances (Increases) Act 1967 introduces increases in certain parliamentary retiring allowances. The Act provides for increases in pension rates for certain individuals who were entitled to a pension under the Parliamentary Retiring Allowances Act 1948-1955 or 1948-1959. The increases range from 18.16 to 525.00, depending on the individual's previous pension rate.

The Act also provides for the automatic increase in pension rates for certain individuals who were entitled to a pension under the Parliamentary Retiring Allowances Act 1948-1959, where the provision of section 17 of the 1964-1966 Act applied.

Additionally, the Act specifies that any pension paid to a person or their widow will be increased, and the Commonwealth will pay an amount equal to the increase to the Parliamentary Retiring Allowances Fund. The Act also amends certain sections of the Parliamentary Retiring Allowances Act 1948-1966 to include references to moneys paid into the fund and increases in pensions payable by virtue of this Act.

Overall, the Act aims to provide for increases in parliamentary retiring allowances to ensure that retirees receive fair and consistent pension payments.