State Retirement Pensions

(asked on 4th October 2024) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the implications for her policies of the differences in the amounts received by recipients of the old and new State Pension.


Answered by
Emma Reynolds Portrait
Emma Reynolds
Parliamentary Secretary (HM Treasury)
This question was answered on 15th October 2024

We are absolutely committed to supporting pensioners and giving them the dignity and security they deserve in retirement.

It is not possible to make direct, like for like comparisons between State Pension amounts received under the pre 2016 State Pension system and the new State Pension. Under both systems, the amount people are entitled to varies according to their National Insurance record. This is reflected in the average amounts that people receive.

Through our commitment to protect the Triple Lock, over 12 million pensioners will benefit, with many expected to see their State Pension increase by around a thousand pounds over the next five years.

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