09 December 2010
The Government has announced that the full Basic State Pension
will increase by £4.50 per week to £102.15 per week in
Low income pensioners will also benefit, as most Pension Credit
recipients will see a £4.75 per week increase in their
guarantee credit and Cold Weather Payments have been permanently
increased to £25 from £8.50.
Steve Webb, Minister for Pensions said: "We've taken a decision
to restore the link with earnings and increase the Basic State
Pension by the highest of prices, earnings or 2.5%. The triple
guarantee will ensure that pensioners can expect a decent offering
from the state in retirement."