State Retirement Pensions
The question
To ask the Secretary of State for Work and Pensions, what steps her Department is taking to ensure that people over the age of 65 receive adequate financial support through the State Pension.
Answered by Emma Reynolds
We are absolutely committed to supporting pensioners and giving them the dignity and security they deserve in retirement.
The Government is committed to the Triple Lock, which means that in April 2025, the basic and new State pension will increase by the higher of the growth in average earnings, price increases or 2.5%.
Over 12 million pensioners will benefit through our commitment to protect the Triple Lock. Over the course of this parliament, the full yearly rate of the new State Pension is forecast to increase by around £1,700.
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