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New Bill Protects State Pension Increase 2021

The Government has legislated to enable it to increase the State Pension next year. Currently, the State Pension can only rise if there has been a rise in average earnings.

Due to the economic circumstances caused by Covid-19, the Government have made technical changes to ensure “ministers to deliver on their commitment to the Pensions Triple Lock next year, even if there is no growth in earnings”.

Pension Boost Protected by New Bill