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Proceeding contribution from Stephen Timms (Labour) in the House of Commons on Thursday, 23 February 2012. It occurred during Debates on delegated legislation on Pensions and Social Security.


Pensions and Social Security

That is a matter that the Minister may well want to comment on in his response to this debate. In my view, the triple lock is certainly not the wonderful device that the Government maintain it is. As I have said, it is leading to a lower uprating of the basic state pension in the year ahead than if the RPI mechanism was still being used.


Secondary information

Type
Proceeding contribution
Reference
540 c1048 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Benefits rules Index linking Workplace pensions Pensions Social security benefits State retirement pensions Reform Uprating
Legislation
Social Security Benefits Up-rating Order 2012
Guaranteed Minimum Pensions Increase Order 2012
Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) (No. 2) (Amendment) Order 2012
Link
View this Proceeding contribution on www.publications.parliament.uk