Member for Mirrabooka, Janine Freeman said the (PBS) encourages older Western Australians to remain in the workforce beyond their pension age.
By claiming the bonus, pensioners defer taking the Age Pension and instead accrue a tax-free bonus that can be claimed upon retiring, providing the eligibility criteria are met.
"I urge eligible seniors to apply for the scheme before the cut-off date to avoid missing out," Ms Freeman said.
"No new registrations will be accepted from March 1.
"Seniors registered for the Pension Bonus Scheme may also be eligible to claim a Commonwealth Seniors Health Care Card.
"Registration forms can be lodged through Centrelink and claims can also be backdated to when Age Pension age was first reached."
To be eligible for the PBS, WA seniors must:
• Have reached Age Pension age before 20 September 2009, meaning men born before 20 September 1944 and women born before 1 January 1946;
• Be working and have worked since reaching Age Pension age for an average of 20 hours per week for 48 weeks each year; and
• Have not yet claimed the Age Pension.
For more information on the Pension Bonus Scheme or for assistance lodging a claim, please contact Janine Freeman's office on 9345 2005.