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BRING TO AN END TRIPLE LOCK PENSION INJUSTICE FOR MILLIONS

Daily Express

|

April 12, 2024

Campaigners call for a review as 8m pensioners miss out on full payments

- Harvey Jones and Giles Sheldrick

BRING TO AN END TRIPLE LOCK PENSION INJUSTICE FOR MILLIONS

Exposed: The triple-lock shocker that has left two-thirds of all pensioners short-changed

MILLIONS of pensioners are being short-changed by "dishonest" state pension payouts, say campaigners.

Less than one-third received the full 8.5% triple lock secured increase on their retirement incomes this week.

It means two in three of the oldest and poorest pensioners - as many as eight million will be £ 200-a-year worse off.

Baroness Ros Altmann is calling for a review into the injustice. Writing in the Daily Express today, the former Pensions Minister said: "Politicians need to come clean about the problems of the triple lock.

"I am calling for a proper review of how we ensure all pensioners are protected, with fairer treatment for the oldest and poorest, who generally rely more on their state payments."

On Monday, people on the full new state men-born pension on or after April 6, 1951, and women born on or after April 6, 1953 got the inflation-busting triple lock boost. They now receive £221.20 a week, up from £203.85. But those born before these dates - men aged 73 and over and women older than 71 are on the old basic state pension and received a smaller rise.

This is because the triple lock is only applied to part of the basic state pension, rather than all of it.

So a single person saw their weekly pay rise from £156.20 to just £169.50 a week - which works out at up to £2,688.40 a year less than their younger counterparts.

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