October 27, 2021
Business Europe

State pension warning: Lowering pension age to 63 will mean ‘reduced’ payments

express– Chancellor Rishi Sunak is under mounting pressure as the state pension is lined up for a number of potential changes. The triple lock – which guarantees the state pension rises in line with the highest of inflation, increasing average wages, or 2.5 percent – could be abandoned or changed. This is because average earnings could rise anywhere between eight and 10 percent, an increase bigger than usual due to the country’s recovery from the Covid pandemic.

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