Business · GB ·
PM plans to change state pension triple lock mechanism starting 2030
BBC News · Business
Published · Updated
- The triple lock guarantees state pension rises match inflation, wage increases, or 2.5%, whichever is highest.
- The PM announced plans to change the arrangement from April 2030, removing the wage earnings link.
- Under the new system, pensions will rise by inflation or 2.5%, whichever is highest.
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