the government has announced that they will be abandoning the so called triple lock policy for next year when it comes to the increase in the state pension. it will now increase by the greater of 2.5% or inflation next april but the work and pensions secretary, therese coffey said the triple lock would return the following year. under the triple lock, pensions increase by the greater of inflation, the increase in earnings between may and july and 2.5%. the work and pensions secretary said she was anticipating an unusual change in earnings, due to the pandemic, so an adjustment was needed. let s hear what she has been saying. tomorrow i will introduce the social security operating and benefits bill for 2022-23 security operating and benefits bill for 2022 23 only it will ensure the basic and new state pension is increased by 2.5% or in line with inflation which is expected to be the higherfigure. as happened last year it will again set aside the earnings element for 2022 23 before bei