State Retirement Pensions: Uprating
(asked on 14th September 2017) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, whether the Government has plans to raise the basic state pension in 2018 by September 2017's CPI inflation figure of 2.9 per cent.
This question was answered on 9th October 2017
The Government is committed to increase the basic State Pension up to the full amount of the new State Pension by the Triple Lock for the duration of this Parliament. The Triple Lock ensures that the highest of the growth in wages, prices (CPI) and 2.5% is applied. A decision on the rate to be used is taken annually following the publication of price inflation and earnings growth rate statistics in October.