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Briefing Notes

Briefing Note 96 - Everything you always wanted to know about the triple lock but were afraid to ask...

This Briefing Note discusses the many issues surrounding the future of the "triple lock" for the basic and new State Pension, for both current and future pensioners.

This note concludes that it is clear that the triple lock cannot go on forever, but what is missing from the current debate is any consideration of what the appropriate level for the State Pension is, what it should be linked to, and how much it should cost. When it is bought to the end, it needs to be replaced with a coherent, comprehensive policy that clarifies the role of the State Pension in retirement income.

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