What Will Happening To The Triple Lock On State Pensions?

The triple lock promise was broken in 2022 as the government was concerned that a post-pandemic rise in average earnings would have meant an increase in pensions by 8%. 4-hour period

What Does The Triple Lock Apply To?

The state pension recipients benefit from the triple-lock system. It establishes the annual state pension payments that pensioners will receive. The state pension was raised by 3.1% in April 2022. Pensioners would have benefited from an 8% increase in income if the triple lock had been in place in 2022.

How Much Will The State Pension Increase In 2023?

three percent It has been confirmed that the State Pensions and benefits will be increased by 3.1 percent next year.