Research Briefing
Social Security (Up-rating of Benefits) Bill
The bill would allow the Government to set aside the earnings requirement of the triple lock for assessing state pensions increases for the 2022/23 financial year. State pensions would instead be increased by 2.5% or the rate of inflation, whichever is higher. This briefing summarises the background to the bill and the House of Commons stages that were taken on 20 September 2021.