Around 10. million older pensioners will receive £226 less p/a from their state pensions,under the triple lock system. While new retirees will see an increase of £972 a year. Doesn't seem very fair to me .
Or is this conservatism .Get rid of the old ones first.
Did the older pensioner pay their contributions in for 10 years longer though .
44 years instead of 32 years and now 35 years .... An extra 10 years contributions would have made it even.
//44 years instead of 32 years and now 35 years//
Its not that simple though. Ive actually paid in for 43 years already from age 16 and my record shows that but it says I still need to contribute for another 6 years to get full state pension.... thats because I was contracted out and paid into my works pension for many of them years