US EditionSeven million pensioners to miss out on triple lock uplift
Seven million pensioners with earnings-related pensions will receive increases linked only to inflation, resulting in partial triple lock benefits worth about �230.25 weekly, experts say.
- Almost seven million pensioners will miss a pension increase of hundreds of pounds due to a loophole, according to new analysis by The Telegraph.
- The upcoming state pension rise is based on the highest of inflation, wage growth, or 2.5%, with current wage growth at 5%.
- Older pensioners with SERPS will see smaller increases than those on the new state pension, affecting their annual income significantly.
- Chancellor Rachel Reeves faces pressure to address pension system costs, as projections suggest expenses could reach £200 billion by 2073, driven by an ageing population.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
Coverage Details
Total News Sources11
Leaning Left1Leaning Right5Center4Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
C 40%
R 50%
Factuality
To view factuality data please Upgrade to Premium
