Billy Horner
Well-known member
Except that the government periodically reviews the age at which people are entitled to receive state pension and one of the criteria is that total expenditure should stay below 6% of GDP. Therefore, every time the current state pension increases by more than the rate of economic growth (which the triple lock pretty much guarantees), then the age at which current working-age people are likely to receive their state pension also goes up.Not sure what you mean by pulling the ladder up after themselves with the triple lock? If we don’t increase the pension by this each year the pension will be smaller for each year it is not implemented. ( this is why the doctors are asking for 35% pay increase to take their pay back to where it should be in part.) therefor people who are 20 plus years of state pension age will receive a state pension much worse.
The triple lock is quite simply a bribe to current pensioners and is of virtually zero benefit to anyone else. In the long-term, it just makes the system more and more unaffordable, meaning that today's workers become less and less likely to receive a state pension at all.