Remove the triple lock commitment on pensions and tie increase to inflation only
We feel the triple lock on pensions is unaffordable and unjust. We think tying the increase in pensions to inflation only could ensure the living standards of those reliant on the pension are protected, and would be more affordable.
Pat McFadden
Work & Pensions Secretary
Similar motions
Introduce a Pension Tax Lock to help protect retirement savings and incentives
Replace Public Sector Pension schemes with a defined contribution scheme 4%/6%
Remove taxes on personal savings & private pensions
Limit council tax increases to the lowest of either inflation or 5%
Ensure annual pension increase apply to all pensioners living abroad
Remove the triple lock commitment on pensions and tie increase to inflation only
We feel the triple lock on pensions is unaffordable and unjust. We think tying the increase in pensions to inflation only could ensure the living standards of those reliant on the pension are protected, and would be more affordable.
Similar motions
Introduce a Pension Tax Lock to help protect retirement savings and incentives
Replace Public Sector Pension schemes with a defined contribution scheme 4%/6%
Remove taxes on personal savings & private pensions
Limit council tax increases to the lowest of either inflation or 5%
Ensure annual pension increase apply to all pensioners living abroad