Single age pensioners will pocket an extra $11.50 a fortnight after the September indexation figures were announced.
Couples on pensions will get up to $17.40 a fortnight extra.
Social Services Minister Kevin Andrews says Australia's 3.7 million pensioners are getting their second pension bump in 2014, after an earlier increase in March.
"They've increased twice this year, they'll increase twice next year, they'll increase twice the year after," Mr Andrews told reporters on Saturday.
Parenting payment single recipients will get an extra $3.60 a week, while the Newstart, widow, sickness, partner and parenting payment partnered allowances have gone up $2.60 a week for singles and $2.35 each for couples.
"This means total pension payments for people on the maximum rate will be $854.30 a fortnight for singles, and $1288 a fortnight for couples," Mr Andrews said.
Mr Andrews says the announcement shows Labor has been running a scare campaign by saying pensions won't not go up.
The indexed amounts are due to start on September 20.
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