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John Roberts
@johnactuary.bsky.social
Worn out and retired actuary after 40 years in the profession.
347 followers52 following89 posts
JRjohnactuary.bsky.social

Even before next year's increase, this table shows how the cherry-picking aspect of the #TripleLock means the BSP inevitably increases faster than both prices and earnings over time. 2/

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JRjohnactuary.bsky.social

Here we see how the link to price increases only in the 80s eroded the state pension in relation to earnings, but has since recovered to some extent since the TL was introduced. (Note that the lower (pre 16) SP is often accompanied by second state pension income.) 3/

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Profile banner
JR
John Roberts
@johnactuary.bsky.social
Worn out and retired actuary after 40 years in the profession.
347 followers52 following89 posts