.... “If you look at what the triple lock does, it has a ratchet effect, because pensions go up by the higher of inflation or earnings, and in some years it will be one, in some years it will be the other,” he told journalists in Westminster. “But over a period of time, it will mean that a greater and greater share of GDP goes to paying the state pension
, even without any increases in pensioner numbers, because that’s just the way it works. ...
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Thursday 22nd of June 2017 06:15:54 PM