State Retirement Pensions

(asked on 5th September 2023) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential merits of increasing the State Pension above the level prescribed by the triple lock.


Answered by
Laura Trott Portrait
Laura Trott
Chief Secretary to the Treasury
This question was answered on 13th September 2023

The Government remains committed to ensuring that older people can live with the dignity and respect they deserve, and the State Pension is the foundation of state support for older people.

In April, the State Pension saw its biggest ever rise, increasing by 10.1%. The full yearly amount of the basic State Pension will be over £3,050 higher, in cash terms, than in 2010. That’s £790 more than if it had been uprated by Prices, and £945 more than if it had been uprated by earnings (since 2010).

The Government also provides additional support to older people, which includes the provision of free bus passes, free prescriptions, and Winter Fuel Payments, with Cold Weather Payments for those in receipt of Pension Credit.

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