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Labour to restore earnings link from 2012

16 April 2010

Labour's 2010 election manifesto pledged to restore the link between the state pension and earnings from 2012. The party had previously stated its aim to start raising the state pension in line with earnings rather than prices form 2012 "subject to affordability and the fiscal position".

Under current legislation, the link has to be restored by 2015.

Labour also confirmed that, if re-elected, the state pension age will rise to 68 for both men and women between 2024 and 2046, but no new policies were announced regarding pensions.

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