Alaric wrote:anon155742 wrote:It looks like the triple lock pension will have to be abandoned
There's a likely statistical anomaly because Average Earnings will probably fall this year and recover next. The triple lock would ignore the fall and only be triggered by the rise. Another mehod would be to base the Earnings comparison on a two year or more period.
That is not how it has worked in the past. The pensions remained the same with a fall in the relevant index, and increased when that index rose above the previous maximum. That is certainly what happened with my annuity in 2009, which is an LPI type.
TJH