State Pension Increase, State Pension Rise, State Pension Uk, State Pension Frozen

State Pension Increase, State Pension Rise

State pension: Therese Coffey addresses why half a million people are missing out on boost

Therese Coffey addresses why half a million UK state pensioners are missing out on a boost to their payments

11/30/2020 7:33:00 PM

Therese Coffey addresses why half a million UK state pensioners are missing out on a boost to their payments

STATE PENSION payments rise annually each year under the triple lock mechanism, however, some pensioners do not get to enjoy the rise due to where they live.

Last year, Ms Philip spoke exclusively to Express.co.uk about the issue.She explained she made the decision to move to care for the mother back in 1996, prior to reaching state pension age.The rate at the time stood at £74.11 per week - the same amount she gets today, 24 years later.

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Related articlesState pension triple lock: Payments set to rise by 4.1% in 2022Meanwhile, Monica's younger sister Naomi, who is three years her junior and lives in Leicester, receives a full up-rated basic state pension.Currently, the full basic state pension is £134.25 per week, while the full new state pension is £175.20 per week.

Last year, a DWP spokesperson said: “It would cost taxpayers more than £3billion over five years to change course on an issue which has been clear and settled Government policy for 70 years.“We have no plans to do so." Read more: Daily Express »

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