As seen on A Current Affair tonight.. http://aca.ninemsn.com.au/article/8799684/last-chance-to-grab-pension-bonus

You now have less than one month to access the Pension Bonus Scheme before new registrations are ceased. Since you could be eligible to receive a bonus of up to $47,242.50, you need to find out if you’re eligible and how to register now.

The Pension Bonus Scheme (PBS) was replaced by the Labour Government’s Work Bonus in September 2009, however registrations have remained open for those who were eligible for the age pension prior to 20 September 2009. These registrations close on the 28^th February 2014 so you need to get in quick to receive what you’re entitled to.

The PBS was designed to reward those over the age pension age who continued working without government support with a lump sum when they ceased employment and begun claiming the age pension.

The bonus amount is based on the hours you’ve worked in the year, and must average at least 20 hours of work for 48 weeks per year. The rates are variable based on the time that you have worked, however you could receive up to $47,242.50 depending on your conditions.

If you’ve never received the age pension and reached the age pension age prior to 20 September 2009, head to http://www.humanservices.gov.au/customer/services/centrelink/pension-bonus-scheme to see if you’re eligible and claim what you’re entitled to now.

What do you think about the Pension Bonus Scheme closing? Are you going to find out if you’re eligible?