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"The changes that were in last year's budget would have impacted the indexation of more than 4 million pensioners around Australia and those receiving pension-linked payments, and those changes will now not proceed," he said.
There are around 555,000 "frozen" pensioners around the world, almost half of whom live in Australia.
There are around 430,000 "frozen" pensioners around the world, more than half of them living in Australia.
The QE2 was retired from transatlantic service, having been replaced by her much younger and much bigger sister, the Queen Mary 2. The QE2 was sent out to pasture, cruising pensioners around the Mediterranean.
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It also excluded those disability pensioners hospitalized around the time of starting their disability pension.
Care homes in areas popular with pensioners cost around £30,000 a year, but the average stay is around two years, so not many will spend enough to reach the limit at which the state steps in.
Bunches of small investors, ranging from students to pensioners, crowd around computer terminals to carry out their trades, keeping an eye on the prices as they flicker across big electronic screens.
Fábio Giambiagi, an economist at the National Development Bank BNDESS), notes that although only 6% of Brazilians are of pensionable age, the country spends 11.3% of its GDP on them; in the United States, by contrast, the 12% of the population who are pensioners receive around 6% of GDP.
Pensioners receive around $500 a year more.
Mind you, at this time in the afternoon, the only people around are pensioners, mums, carers, the unemployed and truants.
This leaves 560,000 British pensioners living in one of around 120 countries around the world with pensions that are "frozen".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com