State pension: DWP introduce bill ensuring payments rise next year – triple lock altered

STATE pension payments should rise every year under triple lock rules but according to the government, state pensions can only be increased if there has been a rise in average earnings in the relevant period of the preceding year. This is looking doubtful given the economic impact of coronavirus but the DWP have taken steps to ensure payments will rise next year.

State pension payments have been provided with additional support, according to the latest information from the DWP. Thérèse Coffey the Secretary of State at the Department for Work and Pensions, has very recently introduced a technical Bill in the House of Commons that will give the Government the ability to increase the State Pension next year.

This bill has been introduced as under current legislation, the state pension can only be increased if there has been a...
source: Express

2020-10-01 22:41
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