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State pension payment rise CONFIRMED as retirees to get 3.9% boost under triple lock

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State pension payment rates are likely to rise by 3.9 per cent in April 2027, according to the latest figures from the Office for National Statistics (ONS). Thanks to the triple lock mechanism, state pension amounts increase annually in line with either the highest of inflation, average wage growth or 2.5 per cent. ONS figures published earlier this morning have revealed that weekly wages grew by 3.9 per cent between May and July. If the Labour Government continues to keep the triple lock in place following next month's Budget, retirees should expect a 3.9 per cent uplift to their payments. This would hike the full new state pension by around £9.40 a week, lifting payments from £241.30 to approximately £250.70 per week. Heidi Karjalainen, an economist for the Institute of Fiscal Studies (IFS) and expert on pension policy, noted this is likely to be rate hike awarded to retirees next year. She explained: "This is likely to be how much the state pension increases by next year, unless som

First report: The pension that forgot its workers — tribune.com.pk, 2d