asks what is happening to the state pension, is it still connected to the cost of living index?- the cost of living index? great question- the cost of living index? great question- in the cost of living index? great question. in september- the cost of living index? great question. in september the i question. in september the government announced that the triple lock on pensions is being put aside and instead is now becoming more of and instead is now becoming more of a double lock. it usually uses three factors to set state pension increases. and the inflation, wage rises and 2.5%. but wage growth has been very high recently it has been somewhat distorted by the furlough scheme, and so the government set that aside and instead of wage growth which would have put the state pension up by around 8%, it is now raising inlaid with inflation by around 3.1%. that s the increase thatis around 3.1%. that s the increase that is going to happen next year, and yes pauline, the state pension
Question
Government
Pensions
State-pension
The-cost-of-living
Yes-pauline
Triple-lock
Great-question
State-pension-increases
Double-lock
Factors
Three