Support the pension triple lock

To retain the triple lock state pension under all circumstances

14,820 Signatures

Status
Open
Opened
Tuesday 13th July 2021
Last 24 hours signatures
13
Signature Deadline
Thursday 13th January 2022
Estimated Final Signatures: 15,263

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
Recent Documents related to Support the pension triple lock

1. Support the pension triple lock
08/07/2021 - Petitions

Found: To retain the triple lock state pension under all circumstances

2. Social Security (Up-rating of Benefits) Bill
06/10/2021 - Bill Documents

Found: the earnings requirement of the triple lock for assessing state pension increases for the 2022/23 financial

3. Briefing paper on the Bill
25/09/2020 - Bill Documents

Found: Contents Summary 3 1. Background 4 1.1 The State Pension system 4 2. Statistics 6 2.1 Caseloads 6

4. Institute of Faculty and Actuaries - written evidence
24/07/2019 - Inquiry: Spending Review - Work and Pensions Committee
- View source

Found: Spending Review. The State Pension 2.      Government spending on the State Pension and other age-related

5. State Pension triple lock
29/06/2017 - Parliamentary Research

Found: PAPER Number CBP-07812, 29 June 2017 State Pension triple lock By Djuna Thurley & Richard Keen Contents:

Latest Documents
Recent Speeches related to Support the pension triple lock

1. Social Security (Up-rating of Benefits) Bill
13/10/2021 - Lords Chamber

1: to undertake a review of social security and state pension rates to consider whether benefits have kept - Speech Link

2. Social Security (Up-rating of Benefits) Bill
20/09/2021 - Commons Chamber

1: the basic state pension, the new state pension, the standard minimum guarantee in pension credit, and - Speech Link
2: to suspend the earnings-related part of the triple lock for one year while retaining the link to prices - Speech Link

3. Social Security Benefits Up-rating Order 2021
10/02/2021 - Grand Committee

1: benefit occupational pension schemes to increase their members’ guaranteed minimum pension which built up from - Speech Link

4. Social Security (Up-rating of Benefits) Bill
13/10/2020 - Grand Committee

1: avoid a state pension freeze and benefit millions of pensioners by granting the Secretary of State powers - Speech Link

5. Social Security (Up-rating of Benefits) Bill
01/10/2020 - Commons Chamber

1: changes for one year only that will ensure that state pensions can still potentially be uprated, despite - Speech Link

Latest Speeches
Recent Questions related to Support the pension triple lock
1. State Earnings Related Pension Scheme
asked by: Gareth Thomas
23/03/2021
... for what reason contributors to SERPS have not been given full transitional protection in the changeover to the new state pension; and if she will make a statement.

2. Women against State Pension Inequality
asked by: Philip Davies
19/03/2020
... if she will meet with the WASPI campaign group once the Court of Appeal proceedings are over.

3. Women against State Pension Inequality
asked by: Roger Godsiff
26/11/2018
... whether her Department plans to accept recommendations made by the Ombudsman's investigation into complaints regarding WASPI.

4. Women against State Pension Inequality
asked by: Catherine McKinnell
10/09/2018
... whether she plans to meet with representatives of the WASPI campaign in the future.

5. Women against State Pension Inequality
asked by: Gavin Newlands
16/07/2018
... when she last met with representatives of WASPI women.

Latest Questions

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The potential suspension will effect the poorest pensioners at a time of growing inflation


Petition Signatures over time

Government Response

Wednesday 8th September 2021

The Government is committed to ensuring that older people are able to live with the dignity and respect they deserve. Our approach is fair for both pensioners and younger taxpayers.


The Government is committed to protecting the incomes of pensioners, as well as being fair to taxpayers. We are introducing legislation this year to increase the basic and new State Pensions by at least the higher of price inflation or 2.5%. We are setting aside the average earnings measure this year because it has been distorted by falls in earnings last year and the unusual labour market effects this year, both caused by the pandemic. This is a one-year response to exceptional circumstances. The Government remains committed to implementing the Triple Lock for the remainder of the Parliament.

Last year, we delivered primary legislation to increase State Pensions by 2.5%, when earnings fell and price inflation increased by half a percent. If we hadn’t taken this action, State Pensions would have been frozen.

The pandemic has meant the earnings statistics which are used in the Triple Lock formula remain distorted and therefore we need to go through the same process this year. Over the two years, the State Pension will have increased by more than price inflation. When taking into account the wider situation, we believe that this approach over two years is fair to both pensioners and younger taxpayers.

The Government remains committed to ensuring that older people are able to live with the dignity and respect they deserve – the State Pension is the foundation of support for older people. We spend over £129bn on benefits for pensioners. This includes spending on the State Pension which is forecast to be over £105bn in 2021/22.

As a result of the Government’s Triple Lock policy, the full yearly basic State Pension is now over £2,050 higher than a decade ago. The State Pension is also supported by further measures for older people, which include the provision of free bus passes, free prescriptions, Winter Fuel Payments and Cold Weather Payments.

In addition, Pension Credit provides a safety net for those most in need. Pension Credit provides a top up for people of State Pension age with a weekly income below £177.10 (for single people) or £270.30 (for couples).

Department for Work and Pensions


Constituency Data

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